Alibaba Group said that top Yahoo exec Jackie Reses had joined its board of directors, taking over a slot most recently held by the company’s former CFO Tim Morse and also previously held by Yahoo co-founder and former CEO Jerry Yang.
Yahoo and Alibaba Group are working on bringing Alibaba Group to the US to take on Amazon and eBay.
That is a logical move for both.
Jack Ma, Joe Tsai, SoftBank’s CEO Masayoshi Son and Jackie Reses make up Yahoo's board. Yahoo's 24% of Alibaba Group positions them for a big pay day at IPO.
Jack Ma will want Reses out of the way as soon as he can get the IPO setup.