Thursday, August 11, 2005
Media_who's buying who?
After an hour, Yahoo will take a 35 percent stake in Hangzhou, China-based Alibaba for $1 billion, including cash and the total asset of Yahoo China, reported Red Herring. Friend Marc also reported here.
Interestingly, Sina's headline about the story is "Alibaba will buy the whole Yahoo China this afternoon".
Wow, Amy wonder what the word "buy" means in the Wall Street. Without spending a cent, you could buy something, right?