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Yahoo shares up on report that Alibaba is preparing bid

Discussion in 'General Discussion' started by Archean, Dec 2, 2011.

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Archean TechSpot Paladin Posts: 5,735 +27

Shares in Yahoo rose on reports that China's Alibaba Group was preparing a takeover bid with private equity firms Blackstone and Bain Capital. Yahoo shares ended Thursday trading on the Nasdaq tech exchange 3.3% higher, having been 4.8% up at one point.

Unconfirmed reports said the consortium may pay up to $20 per share - well above Thursday's close of $16.23 - valuing Yahoo at $25bn (£16bn).

Archean, Dec 2, 2011

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