Yahoo! (YHOO) Higher as Alibaba May Seek to Buyback Stake

Yahoo! (Nasdaq: YHOO) is trading higher Monday following reports Alibaba is seeking financing to buy Yahoo!'s 40 percent stake in the company.

Alibaba has been in talks with Temasek Holdings Pte, Bloomberg notes.

Yahoo! shares are up about 2.7 percent.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Bernstein on whether Hershey (HSY) could eventually step up to buy Mondelez (MDLZ)
• Motorola Solutions buys counter-drone firm D-Fend for $1.5B
• FS Bancorp completes acquisition of Pacific West Bancorp