Deals
Yahoo Gains as Alibaba-Led Group Prepares Offer for Company
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Yahoo! Inc., the Internet company exploring strategic options, rose as much as 4.8 percent on the prospect of a bid from a group led by Alibaba Group Holding Ltd.
Alibaba and Softbank Corp. are in advanced talks with Blackstone Group LP and Bain Capital LLC about making a bid for all of Yahoo, three people with knowledge of the matter said.