Mergers and Acquistions News
Categories: Media & Information Services
December 1st 2011, 12:19PM
Bain Capital and Blackstone Group are working alongside several Asian business groups to put together a bid to acquire Yahoo for around $25 billion (£15.9 billion).
That is according to a source close to the matter, who has informed Reuters that talks are underway between the organisations to see if they can establish a viable takeover plan for the US internet giant.
Nothing has yet been finalised in terms of the agreement, but the source indicated that Japan's Softbank Corporation and Chinese online retailer Alibaba could be involved.
John Spelich, spokesman for Alibaba, has insisted that his firm has not made any final decision relating to whether or not it should partake in a whole company bid for Yahoo.
However, Dick Wi, analyst for JP Morgan, said the organisation is "definitely" trying to get its 40 per cent stake back currently owned by Yahoo.
This comes after the news source reported earlier in the week that Microsoft had signed a confidentiality agreement with Yahoo on the basis of a potential takeover offer. 
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