China’s Alibaba Group Holding is looking for financing from Singapore’s Temasek Holdings to purchase the 40 percent stake Yahoo owns in it, Bloomberg reports. Temasek may help fund the deal in exchange for a bigger share of the privately held Alibaba Group.
The Alibaba-Temasek deal may part of a potential acquisition bid for Yahoo to be made along with private equity firm Silver Lake and Russia’s Digital Sky Technologies. The U.S. web portal, being advised by Goldman Sachs Group, may receive bids from more than one group of investors. These investors may either bid or split the assets of the Sunnyvale, California-based Internet company.
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