The Alibaba Group is working on securing billions of dollars to aid the company in acquiring all or part of Yahoo, a new report claims.
Citing "people familiar with the matter," Bloomberg is reporting today that China's Alibaba is planning to take out a $3 billion loan for its Yahoo bid. Initially, the publication's sources says, the company was planning on a $4 billion loan.
For months now, rumors have suggested Alibaba is planning to make an acquisition bid for Yahoo. In September, the company's CEO, Jack Ma, told an audience at Stanford University that … Read more