Financial Times FT.com

Alibaba in talks to buy back Yahoo investment

By Richard Waters in San Francisco

Published: March 20 2008 02:00 | Last updated: March 20 2008 02:00

Alibaba, the Chinese internet company part-owned by Yahoo, is in late-stage talks with investors about buying back the US company's multibillion-dollar stake should Yahoo be acquired by Microsoft.

The Chinese company has lined up two lead investors and is preparing to enter formal discussions with a wider group this week, according to a person familiar with the situation.

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