Yahoo: Report Alibaba, Silver Lake, DST Mull Joint Bid
Private equity firm Silver Lake, China-based Internet giant Alibaba Group and Russian investment firm DST Global are mulling a joint bid for Yahoo, Bloomberg reports, citing “three people with direct knowledge of the matter.”
The story asserts that the group has met with the company and its advisers to inform them about a possible offer; the piece adds that talks are at an early stage, and that it is possible the group won’t actually make an offer.
The Bloomberg piece notes that there could be opposition in Washington to a bid driven by Chinese and Russian interests for a U.S.-based communications platform. (Yahoo, of course, is a large player in e-mail and instant messaging services.)
Alibaba’s Jack Ma last week said he is “very, very interested” in Yahoo, which recently told employees that it has received inquiries from multiple parties interested in various strategic options.