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Even if you worked there, you may not have been aware of the fact that Yahoo already had an investment in a still small, but exponentially growing ecommerce sta
by riemannzeta 5y ago
Even if you worked there, you may not have been aware of the fact that Yahoo already had an investment in a still small, but exponentially growing ecommerce startup in China, or that part of the reason the deal fell apart was because of a difference in opinion over how to value that asset.
- andy_ppp 5y agoI seem to remember the stake in Alibaba was worth a huge proportion of the valuation at the time. I didn’t know the deal fell apart because of that, I was just under the impression Yahoo’s board and Jerry didn’t want to sell to 2008 Microsoft.