Bloomberg News

Alibaba Said to Consider Loan With Credit Suisse, DBS

December 16, 2011

(Adds information on potential Alibaba and Softbank purchases of Yahoo from second paragraph.)

Dec. 15 (Bloomberg) -- Alibaba Group Holding Ltd. is considering a loan from a group of banks comprising Credit Suisse Group AG, DBS Bank Ltd., Deutsche Bank AG and Mizuho Corporate Bank Ltd., according to three people familiar with the matter.

The decision on the final group of banks hasn’t been made, said the people, asking not to be identified because the details are private. Alibaba and Softbank Corp. are considering acquisition options related to Yahoo! Inc., the largest U.S. internet portal, three other people familiar with the matter said on Dec. 1. Yahoo owns about 40 percent of Alibaba, the top e-commerce site in China, and 35 percent of Yahoo Japan.

Alibaba may seek to buy back the stake Yahoo owns, while Softbank may seek to acquire the stake in Yahoo Japan, one of those three people said earlier this month. Alibaba and Softbank are also considering a full buyout of Yahoo and are in advanced talks with Blackstone Group LP and Bain Capital LLC about making a bid for the whole company, the three people said on Dec. 1.

The loan could be about $4 billion, one of the people said today.

John Spelich, a Hong Kong-based spokesman for Hangzhou- based Alibaba, declined to comment when contacted today by telephone.

--Editors: Katrina Nicholas, Shelley Smith

To contact the reporter on this story: Wendy Mock in Hong Kong at wmock3@bloomberg.net

To contact the editor responsible for this story: Shelley Smith at ssmith118@bloomberg.net


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