Alibaba in Talks With Temasek for Yahoo Stake

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Alibaba Group Holding Ltd. has talked with Singapore’s Temasek Holdings Pte about providing financing to buy the 40 percent stake in itself held by Yahoo! Inc., according to people familiar with the matter.

Temasek, the state-owned investment company, may help fund an offer in return for a bigger share of privately owned Alibaba Group, said the people, who declined to be identified because the discussions are confidential. Temasek isn’t interested in owning Yahoo, one person said. Yahoo’s stake in Alibaba may be worth about $13 billion, using a valuation by the Singapore investor last month.

Temasek’s backing would aid Alibaba Group Chairman Jack Ma’s bid to gain more control of the company he founded and increase its investments in China. The S$193 billion ($147 billion) sovereign wealth investor said in July that it’s “bullish” on China and is seeking more deals there.

via Alibaba in Talks With Temasek for Yahoo Stake – Bloomberg.

Tags : yahoo
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