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Alibaba’s Ma Says He Has Lined Up Money to Buy Yahoo, Sohu Says

Alibaba Group Holding Ltd. Chairman Jack Ma said he has lined up money for a possible acquisition of Yahoo! Inc., Sohu.com reported, citing the executive. Buying Yahoo is very important for Alibaba, Ma was cited by Sohu as saying at an event organized by Alibaba subsidiary Taobao Mall today.

To contact the reporter on this story: Mark Lee in Hong Kong at wlee37@bloomberg.net

To contact the editor responsible for this story: Anand Krishnamoorthy at anandk@bloomberg.net

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