Alibaba Group Holding Ltd (BABA): Interesting article about Joseph Tsai on...

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Re: Noonehasthisusername post# 60

Sunday, 08/24/2014 9:19:59 PM

Sunday, August 24, 2014 9:19:59 PM

Interesting article about Joseph Tsai on Bloomberg today. This particular excerpt towards the end of the piece references the value in investing in Yahoo:

How Lacrosse-Playing Yalie Tsai Became Alibaba’s Mega-Dealmaker
By Leslie Picker and Zijing Wu Aug 24, 2014 4:00 PM MT

"Eric Jackson was an activist investor in 2007 targeting Yahoo, which at the time had a 40 percent stake in Alibaba. Following the campaign, he scheduled a meeting in December 2010 with Tsai in Hong Kong that lasted 90 minutes.

“It was a huge eye-opener for me,” said Jackson, founder of hedge fund Ironfire Capital LLC. “He was so impressive to me that I walked out of my meeting and said we have to go back and buy Yahoo shares because no one in America understands that they have a 40 percent stake in what’s going to be an Internet juggernaut.”
http://www.bloomberg.com/news/2014-08-24/how-lacrosse-playing-yalie-tsai-became-alibaba-s-mega-dealmaker.html