Alibaba casts an eye at YahooAlibaba of China is reportedly mulling over the possibility of going private with their Hong Kong-listed unit, according to Reuters who got in touch with a couple of sources close to the e-commerce group. This is apparently part of a cog in the wheel that will consolidate founder Jack Ma’s control, while offering key stakeholder Yahoo cash as well as a direct stake in one of Alibaba’s operating businesses. Apparently, Ma might actually purchase majority of the 40% stake that it picked up in Yahoo for approximately $1 billion way back in 2005, where the Alibaba Group would rely on a mixture of bank loans, cash and an asset swap in order to purchase around 25% of the stake, leaving Yahoo with the remaining 15%. It is said that Yahoo’s current holdings is worth around $13 to $14 billion thereabouts.

This article was filed in Homepage > Computers and was tagged with alibaba and yahoo. The story was spotted on reuters
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