M & A wrap: A bid for all of Yahoo?
“Alibaba Group Holding Ltd. and Softbank Corp. are talking with private-equity funds about making a bid for all of Yahoo! Inc. without the company’s blessing,” Bloomberg reports.
“If Yahoo! had its own personal profile on Facebook, its relationship status on the social network would read ‘It’s complicated‘,” according to a blog in The Economist.
Goldman Sachs is seeking to raise up to $1.54 billion by selling 2.4 billion shares in Industrial and Commercial Bank of China, sources said.
“Asia will emerge as the counterweight to the United States as opposed to Europe,” said David M. Rubenstein, co-founder of buyout firm Carlyle. “Similarly I think China and the United States will be the two most important fundraising markets and the two most important investment markets.”
“With the successful public offering of deals site Groupon Inc. last week, Yelp tapped Goldman Sachs Group Inc. and Citigroup Inc. to lead an initial public offering as soon as early next year,” the WSJ reports.