HONG KONG (Reuters) – Sovereign wealth fund China Investment Corp (CIC) is in advanced talks to buy an up to $2 billion stake in Alibaba Group, sources told Reuters, as the Chinese e-commerce powerhouse looks to secure the last of the funding it needs to buy back part of its stake from Yahoo Inc.
GOOD: Yahoo shareholders should see good return on investment;
BAD: Yahoo shareholders could seen more return via IPO or better offer;
UGLY: China active in capital markets and IPO (where are US players)!
BOTTOM LINE: It ain’t over until fat lady sings
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