Alibaba Group and Softbank are trying to woo investors to help them acquire Yahoo outright, a new report claims.
Citing anonymous sources, Bloomberg reported today that the companies are looking for investment firms that haven't signed the Yahoo nondisclosure agreement. Terms of the nondisclosure agreement ban companies that have signed it from talking with other firms about entering into strategic partnerships to acquire the online giant.
However, as Bloomberg reported, according to its sources, Yahoo "prefers to sell a smaller stake, rather than cede complete control," so Alibaba and Softbank's efforts might come up empty.
Talk … Read more