Alibaba: Seeking financing for Yahoo buyback?

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Jack Ma, Alibaba owner
Jack Ma, Alibaba owner

As takeover vultures circle Yahoo, Alibaba is apparently seizing the chance to cut ties with its erstwhile ally. The company's owner, Jack Ma, has made no secret of his hope to buy back a 40% stake currently owned by Yahoo after a strategic partnership between the two firms turned sour, and is said to now be stepping up his plans.

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