According to Reuters Alibaba Group is seeking up to $4 billion in debt financing, sources said on Thursday, in a deal expected to help the Chinese e-commerce giant buy back a 40 percent stake in the company owned by Yahoo Inc.  For the Alibaba debt financing, banks have been asked to provide underwritten commitments of $1 billion with an expected final hold of $400 million, according to one of the sources on Thursday.

In November, Yunfeng Capital — co-founded by Alibaba’s Ma — Silver Lake and other investors completed the purchase of a 5 percent stake in Alibaba Group worth $1.6 billion.

Alibaba, as a parent company, holds a 73.12 percent stake in Hong Kong listed Ltd.

Source:  Press Reports