[Reuters] Alibaba's Ma seeking funds to buy back Yahoo stake

Posted by: UGN Security

[Reuters] Alibaba's Ma seeking funds to buy back Yahoo stake - 11/08/10 09:45 PM

HONG KONG (Reuters) - Alibaba Group, China's leading e-commerce company, is trying to engineer a management-led buyout of the 40 percent of the company held by Yahoo! Inc, a source with knowledge of the situation said, seeking to end the contentious tie-up as Yahoo itself becomes a takeover target.