Yahoo Partner in Asia Hires D.C. Lobbying Firm
Alibaba Group, a Chinese e-commerce company that is partially owned by Yahoo, has hired Washington D.C. lobbying firm Duberstein Group, a step that many believe is the set-up to purchase Yahoo.
Yahoo owns 40 percent of Alibaba. That relationship, which also extends to Yahoo Japan, is considered Yahoo’s greatest asset. Those two companies along with Japan’s Softbank are in the middle of untangling their business relationships.
Alibaba founder Jack Ma has expressed an interest in buying all of Yahoo.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in