Yahoo confirms alibaba.com deal
Filed in archive Venture Capital on August 11, 2005
Yahoo has confirmed the rumors we had mentioned here as well:
"Everyone's talking but no one's listening. Yahoo's 1 billion dollar 40 percent stake in Alibaba, China's largest e-commerce firm does not illustrate that a Net bubble is back, but it does give new meaning to the title character, Ali Baba from the Arabian Nights, who accesses treasure from a magical password."
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