Alibaba is Preparing an Offer to Take Over Yahoo

Posted by Joachim Bartels | Dec 3, 2011 | Alibaba, China, E-Commerce, United States, Yahoo | 0 |

Alibaba and Softbank Corp. are said to be in advanced talks with Blackstone Group LP and Bain Capital LLC about making a bid for all of Yahoo.

Yahoo’s stock rose as much as 4.8 percent on the prospect of a bid from a group led by Alibaba Group Holding Ltd.

Alibaba Chief Executive Officer Jack Ma said in October that his company is interested in purchasing Yahoo. Earlier attempts by the Chinese e-commerce leader to buy out Yahoo’s stake faltered amid disagreements with former CEO Carol Bartz.

Yahoo’s board is meeting to discuss offers it received for a minority stake from bidders including TPG Capital and a group led by Silver Lake, people familiar with the matter said this week. Silver Lake’s bid valued Sunnyvale, California-based Yahoo at about $16.60 a share

Source: Bloomberg

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

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