Alibaba unlikely to be interested in Yahoo's core business: WSJ

Alibaba Group Holding Ltd is unlikely to be interested in buying Yahoo Inc's core business.
Alibaba Group Holding Ltd is unlikely to be interested in buying Yahoo Inc's core business.PHOTO: REUTERS

BEIJING (REUTERS) - Chinese e-commerce giant Alibaba Group Holding Ltd is unlikely to be interested in buying Yahoo Inc's core business, the Wall Street Journal reported.

Yahoo's board, in a three-day meeting that started on Wednesday, is weighing a sale of the company's Internet business, Reuters reported on Tuesday, citing a person familiar with the matter.

Board members are also expected to discuss the details of the planned spinoff of Yahoo's 15 per cent stake in Alibaba, worth more than US$30 billion.

Alibaba will be interested in repurchasing its shares from Yahoo only at a steep discount, the WSJ said on Thursday, citing a person familiar with the matter.