Alibaba Said to Seek Funding from Temasek Holdings to Buy Yahoo

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.

 

 

MORE ARTICLES ON MERGERS AND ACQUISITIONS

 

Suggested Articles

Some of you might have already been aware of the news that Questex—with the aim to focus on event business—will shut down permanently all media brands in Asia…

Some advice for transitioning into an advisory role

Global risks are intensifying but the collective will to tackle them appears to be lacking. Check out this report for areas of concern