Yahoo! (YHOO) Statement Regarding Alibaba

Yahoo! Inc. (YHOO) has just issued the following statement regarding Alibaba Group:

“Our investment as a shareholder in Alibaba Group is strategic and a great one for our company and our shareholders,” said Carol Bartz, CEO, Yahoo! Inc. “As an investor, Yahoo! has no operational control in the Group and we’re very supportive of the operational direction Jack Ma and his team are taking the Group. Jack is clearly one of the most impressive entrepreneurs of our time. We are not going to comment on any private discussions we may or may not have with our strategic partners. As with all matters like this, any decisions regarding this investment would be driven by what will create the most value for our shareholders.”

[emphasis added]

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