Yahoo Adds Morse to Alibaba’s Board to Fill Yang’s Seat
Morse took the position that was vacated by Jerry Yang when he stepped down in January, Dana Lengkeek, a spokeswoman for Yahoo, said today. She declined to specify when Morse occupied the role, and John Spelich, a Hong Kong-based Alibaba spokesman, referred questions to Yahoo.
Yang left Yahoo’s board as well as those of Alibaba and Yahoo Japan Corp. in January amid investor criticism as the U.S. company failed to find a buyer or negotiate a sale of stakes in its Asian assets worth more than $10 billion. Yahoo owns about 40 percent of closely-held Alibaba Group, China’s biggest e- commerce company.
That gives Yahoo two seats on Alibaba’s board, while the company traditionally only fills one, Lengkeek said.
Yahoo is in “discussions regarding the possibility of restructuring our holdings in Alibaba Group and Yahoo Japan,” the U.S. company said in its annual report filed Feb. 29.
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