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.
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.
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.