Blackstone Group and Bain Capital are preparing a bid for all of Yahoo Inc with Asian partners in a deal that could value the Internet company at about $25 billion, a source familiar with the matter said on Wednesday.The potential bid by the consortium, which would include China's Alibaba Group and Japan's Softbank Corp , has not yet been finalized, the source and two other people familiar with the matter said.Chinese e-commerce giant Alibaba, whose primary interest is in buying back a 40 percent stake owned by Yahoo, is keeping its options open and said it has not decided whether to participate in a bid for all of Yahoo."Alibaba Group has not made a decision to be part of a whole company bid for Yahoo," Alibaba Group spokesman, John Spelich, said in an emailed statement on Wednesday.
The Blackstone Group L.P. (Blackstone) is a manager of private capital and provider of financial advisory services. Shares of BX traded higher by 7.94% or $1.01/share to $13.73. In the past year, the shares have traded as low as $10.51 and as high as $19.63. On average, 3884600 shares of BX exchange hands on a given day and today's volume is recorded at 4125437.
