Deals
Yahoo Strikes Alliance With ABC News as Alibaba Weighs Offer
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Yahoo! Inc., the most-visited U.S. Web portal, struck a partnership with ABC News as China’s Alibaba Group Holding Ltd. said it may be interested in acquiring Yahoo.
ABC News, part of Walt Disney Co., will become the leading provider of news for Yahoo! News and editorial teams from both organizations will collaborate on stories, the companies said in a statement today. Yahoo and ABC News will also combine bureaus in New York, Washington and Los Angeles, they said.