12 août 2005, 0h00
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In the fable, Ali Baba figures out the password for entrance into a thieves’ cave containing untold riches. Yahoo hopes it will unearth similar treasure as the result of its latest deal. The US internet group has agreed to pay more than $1bn for a minority stake in a Chinese internet auction group called Alibaba.com.
This is a high-stakes gamble for Yahoo. The deal values Alibaba at $2.6bn, a mind-boggling 38 times last year’s sales of £68m. But Alibaba is growing fast. Assuming the group can d...
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