NEW YORK (TheStreet) - Alibaba, Softbank, The Blackstone Group (BX)and Bain Capital are reportedly in advanced talks to make a bid on all of Yahoo! (YHOO), according to Bloomberg, which cited unnamed sources.
The news continues a frenzied Wednesday as earlier reports indicated that Silver Lake and a consortium of investors are bidding for a minority stake in the company that would value shares at $16.60 each.
Yahoo!'s board, which is meeting Wednesday to discuss the offers it's received, would seem to have plenty of options to sift through. Bloomberg also said that TPG Capital, another private equity firm rumored to be participating in the Yahoo! sweepstakes, may have submitted a higher bid than Silver Lake.
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