TheStreet's Jim Cramer is concerned about the accounting issues at Alibaba (BABA) - Get Report which is an asset of Yahoo! (YHOO) , and for that reason he can't recommend shares of the internet search engine. Cramer also commented on reports that AT&T (T) - Get Report is interested in buying Yahoo's core assets, saying AT&T has the money to do it, and had success with its DirecTV acquisition, which he called a 'brilliant' move. But Cramer says in the end he thinks Verizon (VZ) - Get Report really wants the Yahoo! assets and will end up winning the bids for them. Cramer is portfolio manager of the Action Alerts PLUS charitable trust.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.