Alibaba Seeks Funds to Buy Back Yahoo Stake

Chinese e-commerce company Alibaba Group is attempting a management-led buyout of the 40% of the company held by Yahoo Inc., Reuters reported, adding that Alibaba wants to end the relationship as Yahoo becomes a takeover target. Alibaba founder Jack Ma has reportedly been in talks with unnamed private equity firms to fund the deal. Yahoo bought its minority stake in the Chinese company in 2005, paying roughly $1 billion.

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