Deals
Alibaba Said to Seek Temasek Funding to Buy Stake From Yahoo
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Alibaba Group Holding Ltd. has talked with Singapore’s Temasek Holdings Pte about providing financing to buy out Yahoo! Inc.’s 40 percent stake, 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.