Alibaba is speaking with another company about obtaining finance for buying troubled internet giant Yahoo, according to a new report from Bloomberg.
The report claims that Temasek, which is a state-owned investment company, is now discussing with Alibaba the possibility of obtaining finance for the company.
One source has informed the publication that Temasek is not interested in owning Yahoo. But with the finance, Alibaba would be able to gain control over the portion of Yahoo it does not already own.
Analysts have been closely watching Yahoo since its board ousted chief executive Carol Bartz. Since then a number of reports have indicated other companies are interested in buying the business.
ABOUT THE AUTHOR
Patrick Stafford is a freelance journalist and a former deputy editor of SmartCompany.
COMMENTS
SmartCompany is committed to hosting lively discussions. Help us keep the conversation useful, interesting and welcoming. We aim to publish comments quickly in the interest of promoting robust conversation, but we’re a small team and we deploy filters to protect against legal risk. Occasionally your comment may be held up while it is being reviewed, but we’re working as fast as we can to keep the conversation rolling.
The SmartCompany comment section is members-only content. Please subscribe to leave a comment.
The SmartCompany comment section is members-only content. Please login to leave a comment.