Alibaba Looking to Buyout Yahoo! (YHOO) Stake with $3B Loan

According to reports Thursday, Alibaba is looking for about $3 billion of financing to buy back the 40 percent stake Yahoo! (Nasdaq: YHOO) holds in the company.

Alibaba is in talks with include Australia and New Zealand Banking Group Ltd., Credit Suisse Group AG, DBS Bank Ltd., Deutsche Bank AG, HSBC Holdings PLC and Mizuho Financial Grou, according to the WSJ, citing people familiar with the matter. Finalization of the loan is expected sometime in February.

Last Thursday, trading in Alibaba was halted on the Hong Kong exchange due to speculation over news from the company. Alibaba said it would clear up the news, which involves its controlling shareholder.

Shares of Yahoo! are about 2.4 percent higher ahead of the bell Thursday.

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