Industry experts are hoping that Chinese tech conglomerate Alibaba will swoop in to acquire Yahoo despite efforts by Yahoo CEO Marissa Mayer that she will turn the company around.
According to reports, investors are hoping Alibaba or another Asian company will acquire the US website. Yahoo shares were boosted on the hopes that Alibab or, perhaps, Japan-based Softbank would acquire the company after a report was released last week suggesting that the Asian companies could save billions through such a takeover. That report also suggested that a crucial investor could soon make the case for a buyout.
Alibaba is scheduled to make a mega-initial public offering later this year.
Full content: NYPost
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