Blackstone talks Yahoo bid

Blackstone Group - owner of New Zealand's Burger King franchise - and Bain Capital are discussing whether to team up with two major Asia companies in a bid to buy Yahoo for more than $25 billion.

The possibility was floated yesterday in media reports that quoted unnamed people familiar with the matter.

Blackstone and Bain Capital could bid more than US$20 per share if they pursue a joint bid with China's Alibaba Group and Japan's Softbank.

Yahoo shares surged more than 6 per cent to US$16.72 in exten

Get the news delivered straight to your inbox

Receive the day’s news, sport and entertainment in our daily email newsletter

SIGN UP NOW

© Copyright 2016, NZME. Publishing Limited

Assembled by: (static) on production apcf04 at 26 May 2016 16:58:25 Processing Time: 1032ms