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.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV