Yahoo shares pop on talk of bid by Alibaba

Another day, another Yahoo buyout rumor. The latest chatter: Chinese Internet company Alibaba, of which Yahoo owns a stake, is preparing a takeover bid.

Alibaba and Softbank are "in advanced talks" with capital firms Blackstone Group (BX) and Bain Capital to buy all of Yahoo, Bloomberg reported Thursday.

Yahoo shares gained about 3% in midday trading after the report.

The rumor mill has churned out nearly a dozen potential Yahoo buyers in the past few months; it's no secret that Yahoo (YHOO, Fortune 500) is in play.

Read Full Article from CNN

- Posted: 2011-12-01 12:49:54

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