Alibaba could bid for Yahoo

Blackstone, Bain Capital and Chinese tech firm Alibaba are said to be in talks to make a bid for the whole of troubled internet giant Yahoo.

The two buyout houses are eager to acquire Yahoo’s core US operations, one source said, adding that the composition of the consortium, which will also involve Japan’s Softbank Corp, has not yet been formalised.

Yahoo’s board met yesterday to discuss the level of takeover interest in the firm.