China's Alibaba Group Holding Ltd. is said to be in talks with Singapore’s Temasek Holdings Pte. about providing financing to buy Yahoo! Inc.'s 40 percent stake in the Chinese Internet giant, reports Bloomberg.
While Temasek isn’t interested in owning Yahoo, the arrangement would likely be part of Alibaba's possible takeover bid for Yahoo. On Oct. 1, Alibaba CEO Jack Ma expressed interest in acquiring Yahoo.
Temasek won't comment on the said talks, while Alibaba executives weren't available for interview.
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