SUNNYVALE (dpa-AFX) - Alibaba Group Holding Ltd. and Softbank Corp. (SFTBF.PK) are in advanced talks with Blackstone Group LP (BX) and Bain Capital LLC about making a bid for Yahoo! Inc.(YHOO), the Bloomberg reported, citing people with knowledge of the matter.
Yahoo's board is meeting today to discuss offers it received for a minority stake in the Sunnyvale, California-based company from bidders including TPG Capital and a group led by Silver Lake, people familiar with the matter said earlier.
The report stated that the bid may value Yahoo at more than $20 per share because of tax savings tied to the Internet company's stakes in Alibaba and Yahoo Japan.
Silver Lake offered to buy a minority stake in Yahoo for about $16.60 per share, the report specified.
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