Alibaba seeks $4b loan to support Yahoo buyback
Alibaba Group has approached lenders about financing part of the company’s buyback of a 40% stake currently held by Yahoo. The Chinese e-commerce firm is seeking a $4 billion loan to support the purchase.
A term sheet is expected to be finalized this week after which lenders can commence due diligence, Reuters Basis Point reported. An earlier term sheet sent out by Rothschild, Alibaba's debt advisor, asked...
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