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Alibaba May Get $1 Billion Loan For Yahoo Buyback

Alibaba Group Holding Ltd. will sign a $1 billion, four-year term loan with about seven banks on a club basis to fund a 20% stake buyback from Yahoo! Inc. (YHOO), Bloomberg News reported Tuesday, citing an unnamed source. Separately, China Development Bank Corp. will provide a $1 billion four-year loan, the report said. The report didn't say if Alibaba, Yahoo or the underwriting banks were sought for comment. Full story: http://www.bloomberg.com/news/2012-07-09/alibaba-said-to-get-1-billion-club-loan-for-yahoo-stake-buyback.html

Stock News for Yahoo! Inc. (YHOO)
DateTimeHeadline
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