DealZone

Deals wrap: Yahoo not selling Alibaba stake

September 15, 2010

In an exclusive interview with Reuters, Yahoo CEO Carol Bartz said the Internet search company has no intention of selling its stake in Chinese e-commerce site Alibaba.

Bartz told Reuters that despite the Alibaba Group “constantly” approaching them to repurchase Yahoo’s estimated 39-percent stake, the company has no plans to accommodate those requests, adding the investment is “very strategic.” *View article*

***********

Another Chinese company, Sinochem, distanced itself from the possibility of making a bid for Canadian firm Potash Corp, in the wake of BHP Billiton’s $39-million hostile takeover bid for the miner. Han Gensheng, head of Sinochem’s overseas deals, told Chinese magazine Caijing that even a bid of $10 billion would be too large for Sinochem. *View article*

***********

Some major buyout firms have entered the bidding for mental-health specialist the Priory Group, which seller Royal Bank of Scotland hopes could fetch about $1.55 billion, people familiar with the matter told Reuters. According to Reuters, companies planning to submit non-binding bids before Wednesday’s deadline included Advent International, Blackstone, Bain Capital and Cinven. KKR and the Carlyle Group were also potential bid candidates. *View article*

Post Your Comment

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/