A humbled Google
Yes, Yahoo! knows the process all too well. It teamed up with Softbank in Japan and Alibaba in China. The end result for Yahoo! is a minority stake in major dot-com properties. Sure, it would be great to own a hot foreign website whole, but you've got to take what the market will give you. In competitive Asian markets, where the locals prefer to back local outfits, these are the kind of deals that need to be brokered.
It's the right approach. Even the mighty Mr. Softy can be humbled. Microsoft
Naturally, all of these moves are temporary quick fixes. In a few years, maybe they can give it another shot on their own. However, until then, like any potential Mount Everest climber, having a good Sherpa at your side is the best way to navigate overseas obstacles.
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Longtime Fool contributor Rick Munarriz is a fan of overseas Internet stocks, with or without stateside partners. He does not own share in any of the companies in this story. He is part of the Rule Breakers newsletter research team, seeking tomorrow's ultimate growth stocks a day early. The Fool has a disclosure policy.