American Marketing Association News: "The US Internet giant Yahoo! is reported to be planning to spend as much as US$1 billion to acquire the Chinese e-commerce company Alibaba.com.
Such an acquisition could alter the e-commerce market drastically.
Sources close to the Japanese investment giant SoftBank, investors of both Yahoo! and Hangzhou-based Alibaba, said yesterday that negotiations between the two companies are almost at the final stage.
It was said the focus is on details like contract conditions and prices.
The Forbes website said on Monday that Yahoo! is in talks to buy 35 per cent of the Chinese e-commerce company, which runs the business-to-business (B2B) website Alibaba.com and the customer-to- customer (C2C) website Taobao.com, for almost US$1 billion. "
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