NEW YORK ( TheStreet) -- Jerry Yang, Yahoo!'s ( YHOO) co-founder and former CEO, is interested in a deal with private-equity firms that would take the Internet company private, Reuters reported, citing people familiar with the situation.

Such a deal would involve Yang rolling over his stake in Yahoo!, which stood at 3.63% as of April 2, Reuters said. Yahoo!'s other co-founder, David Filo, likely would follow Yang's lead and roll over his stake, said other sources close to Yahoo!. Filo held 5.9% of Yahoo!'s shares as of May 11.

Yahoo! wouldn't detail Yang's current role other than to tell Reuters, "The entire Board, including Jerry, is fully aligned and unanimous in support of the comprehensive scope of the ongoing strategic review. As always, Jerry's singular focus remains to serve the best interests of Yahoo -- its shareholders, employees, users and advertisers."

Separately, Alibaba Group has talked with Singapore's Temasek Holdings about providing financing to buy the 40% stake in itself held by Yahoo!, Bloomberg reported, citing people familiar with the matter.

Temasek may help fund an offer in return for a bigger share of Alibaba, said the people. Temasek isn't interested in owning Yahoo!, one person told Bloomberg. Yahoo!'s stake in Alibaba may be worth about $13 billion, using a valuation by Temasek last month, Reuters said.

Last month, Jack Ma, CEO of Alibaba, said he would be "very interested" in buying Yahoo!.

The talk swirling around Yahoo! started after CEO Carol Bartz was fired in September and the company and its advisers began considering its options, including a possible sale.

-- Written by Joseph Woelfel

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