NEW YORK (TheStreet) -- Alibaba has hired U.S. government lobbying firm The Duberstein Group, signaling the Chinese ecommerce giant's interest in buying back Yahoo!'s (YHOO) 40% stake in the company or forcing a takeover bid, according to Reuters reports.
If Alibaba is unsuccessful in buying back its stake from Yahoo!, a takeover of the Web pioneer may be an alternative scenario as the company completes a strategic review.
Previous reports have included takeover interest by private equity investors, in addition to strategic involvement by Microsoft (MSFT), Google (GOOG) and Asian partners Alibaba and Softbank, among others. By hiring a Washington lobbyist, Alibaba may be looking to quell political and security concerns of a Chinese takeover of Yahoo, Reuters speculate.
Interested in more on Yahoo!? See TheStreet Ratings' report card for this stock.
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