Alibaba Seeks Funding from Singapore's Temasek to Buy Stake From Yahoo -Bloomberg

Alibaba Group (ALBCF) is apparently holding discussions with Temasek Holdings about providing funding to buy back the 40 percent stake of the Chinese business-to-business e-commerce company owned by Yahoo YHOO, according to sources. The deal could be part of a larger bid for Yahoo with participation by Silver Lake and Russia's Digital Sky Technologies. Read the full article here.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsRumorsM&AGlobalGeneralWSJ
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!