Chinese firm, eyeing Yahoo, hires U.S. lobby shop

Duberstein Group has been hired by a Chinese internet company exploring a purchase bid for Yahoo Inc.

The registration was filed last week by the law firm Wachtell, Lipton, on behalf of Alibaba Group Holding Ltd.

Lobbyists representing the company include Kenneth M. Duberstein, former chief of staff to Ronald Reagan and Daniel Meyer, a member of the First Street 30.

Alibaba founder Jack Ma has expressed an interest in acquiring Yahoo, which currently has a 40-percent stake in Alibaba.

Wachtell, Lipton’s corporate practice includes a focus on international mergers and acquisitions. For instance, it represented Alcoa in a joint venture with Aluminum Corporation of China.

Any attempt by Alibaba to buy Yahoo would be scrutinized by the U.S. government because of its foreign ownership. This could include congressional as well as executive review.

The Committee on Foreign Investment in the United States, an inter-agency panel, reviewed 93 such deals last year. Although more than a third received additional investigation, none were blocked. Six involved Chinese companies.

The committee includes members from the following agencies:

  • Department of the Treasury (chair)
  • Department of Justice
  • Department of Homeland Security
  • Department of Commerce
  • Department of Defense
  • Department of State
  • Department of Energy
  • Office of the U.S. Trade Representative
  • Office of Science & Technology Policy

The director of National Intelligence and the secretary of Labor are non-voting, ex-officio members of the committee.

In the third quarter of 2011, the Duberstein Group reported $2,454,000 in lobbying income.

2011 Third Quarter Client List:

Amount Lobbying Report
Accenture, LLP $100,000 LD2
America’s Health Insurance Plans, Inc. (AHIP) $100,000 LD2
Amgen Inc. $100,000 LD2
Bank of New York Mellon Co. $100,000 LD2
BP America, Inc $100,000 LD2
Broadridge Financial Solutions, Inc. $100,000 LD2
Chesapeake Energy Corporation $100,000 LD2
CSX Corporation $100,000 LD2
Grocery Manufacturers Association $100,000 LD2
Hanesbrands, Inc. $100,000 LD2
Hasbro, Inc. $100,000 LD2
Health Net, Inc. $100,000 LD2
Pepsico, Inc $100,000 LD2
Pfizer, Inc $100,000 LD2
Promontory Interfinancial Network $100,000 LD2
Supervalu Inc. $100,000 LD2
The Federation of Korean Industries $100,000 LD2
The Goldman Sachs Group, Inc. $100,000 LD2
The Personal Care Products Council (aka Cosmetic, Toiletry, and Fragrance Assn) $100,000 LD2
Business Roundtable $99,000 LD2
Comcast Corporation $90,000 LD2
Honeywell International $90,000 LD2
General Motors Company $75,000 LD2
United Airlines, Inc $75,000 LD2
National Math and Science Initiative $62,500 LD2
Time Warner Cable Inc. $62,500 LD2
Pharmaceutical Research and Manufacturers of America <$5,000 LD2

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