Alibaba Said to Tap Temasek Funding to Buy Stake From Yahoo

Posted by Joachim Bartels | Oct 11, 2011 | Alibaba, China, E-Commerce, Online Media - Buyer - Seller Platforms, Sourcing, Yahoo | 0 |

According to Bloomberg Businessweek Alibaba Group Holding Ltd. has talked with Singapore’s Temasek Holdings Pte about providing financing to buy out Yahoo Inc.’s 40% stake in Alibaba.

Recently Alibaba’s founder and CEO, Jack Ma stated that he was interested in buying Yahoo Inc. He is obviously working on various options to dissolve Alibaba’s cumbersome relationship with Yahoo.

Source: Bloomberg Businessweek

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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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