Yahoo! Inc. Issues Statement Regarding Alibaba

SUNNYVALE, Calif. -- Yahoo! Inc. (NASDAQ:YHOO) issued the following statement:

"Our investment as a shareholder in Alibaba Group is strategic and a great one for our company and our shareholders," said Carol Bartz, CEO, Yahoo! Inc. "As an investor, Yahoo! has no operational control in the Group and we're very supportive of the operational direction Jack Ma and his team are taking the Group. Jack is clearly one of the most impressive entrepreneurs of our time. We are not going to comment on any private discussions we may or may not have with our strategic partners. As with all matters like this, any decisions regarding this investment would be driven by what will create the most value for our shareholders."

About Yahoo!

Yahoo! attracts hundreds of millions of users every month through its innovative technology and engaging content and services, making it one of the most visited Internet destinations and a world-class online media company. Yahoo!'s vision is to be the center of people's online lives by delivering personally relevant, meaningful Internet experiences. Yahoo! is headquartered in Sunnyvale, California. For more information, visit pressroom.yahoo.com or the company's blog, Yodel Anecdotal (yodel.yahoo.com)