The registration was filed last week by the law firm Wachtell, Lipton, on behalf of Alibaba Group Holding Ltd.
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:
|America’s Health Insurance Plans, Inc. (AHIP)||$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|
|Grocery Manufacturers Association||$100,000||LD2|
|Health Net, Inc.||$100,000||LD2|
|Promontory Interfinancial Network||$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|
|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|