Alibaba set to buy back $3bn Yahoo! stake

Chinese e-commerce firm Alibaba Group is moving closer to buying back part of the stake that Yahoo! owns in it. Loans bankers working on a potential $3bn financing for the company are still pushing the deal through credit committees, but think they could be ready to finalise terms this week or next.

  • 10 Feb 2012

The Chinese internet company had considered raising as much as $4bn to buy back some of the stake held by Yahoo!, about 40% of Alibaba.

But it has cut the proposed deal to $3bn, and bankers said this week they were in the final stages of getting credit approval ...

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