Shares Of Yahoo! Spike Higher, Make Parabolic Move Following Chinese Media Speculation

Shares of

spiked higher Wednesday morning. The move is likely related to a

in which the anonyms author explored a potential takeover of the company by

founder Jack Ma. "The acquisition of Yahoo is something I worked [on] a couple of years ago, this is a political problem, not an economic problem, Yahoo is a media, more sensitive," Jack Ma allegedly told the author. The publication claimed that Ma is exploring strategies to combat

and

by planning out a longer-term vision, which may include acquisition Yahoo. The author further alleged that Ma said that an acquisition of Yahoo would be "very natural" and that "the money is worth it." The entire article in its original language can be seen