Shares of Yahoo! (YHOO) are up 43 cents, or 2.7%, at $16.40 on the latest takeover speculation: Bloomberg’s Jeffrey McCracken and Brian Womack this evening report that multiple anonymous sources tell them Chinese e-commerce firm Alibaba Group Ltd. and its colorful CEO, Jack Ma, are approaching private equity parties to make a bid for Yahoo!
The deal would be a hostile one, the authors report, and so Alibaba has been seeking to partner with firms that haven’t signed a non-disclosure agreement with Yahoo!, thereby avoiding a requirement imposed by Yahoo! that would limit any investment to just a piece of the company, rather than an outright takeover.
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