Alibaba Reportedly in Talks to Buy Yahoo
ADOTAS – Eight days after the announcement that Microsoft had entered a nondisclosure bid with Yahoo — a move that indicated Microsoft was jockeying to bid on the down-on-its-luck search engine — reports have arisen that Chinese online retail giant Alibaba and Japanese telecom/e-commerce company SoftBank had entered were in “advanced talks” (Bloomberg Media’s words) with Blackstone Group and Bain Capital to make a bid on Yahoo. Alibaba’s been rumored to be interested in bidding for some time, but few details have been confirmed thus far about the company’s potential partners and plans. Reportedly, the bid may end up at somewhere around $20 per share. Yahoo, it’s worth pointing out, already owns a 43 percent equity stake in Alibaba, while Softbank owns roughly 40 percent of Yahoo Japan.
Yahoo’s board is currently discussing offers from potential minority-stake bidders, but some Yahoo investors reportedly would rather the company be sold as a whole. According to a statement from Alibaba, that company hasn’t decided to make a bid on the whole company.
Wow, wasn’t expecting this. but excited to see what happens. I always though Microsoft would buy Yahoo!, but Alibaba? Interesting….
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