PE firms offer Alibaba staff a liquidity event
The timing of Silver Lake's investment in Alibaba Group, alongside parties including DST Global, Yunfeng Capital, Temasek Holdings, was curious. Days earlier Silver Lake reportedly contacted Yahoo as one of several private equity firms considering a bid for the US internet company. Yahoo’s future is uncertain following the sacking of CEO Carol Bartz, and its Asian assets – a 40% stake in Alibaba and a 35% holding in Yahoo Japan – are either a sticking point or a catalyst for potential buyers. Could the two situations be linked? Apparently not.
"There is no connection because the talks with Silver Lake pre-date the departure of Yahoo's CEO," says a Hong Kong-based lawyer who worked on the transaction. "The only purpose is for employee shareholders...
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