Blackstone Group LP and Bain Capital LLC are preparing a bid of over $20 per share for all of Yahoo Inc with the participation of the Internet company's Asian partners, 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.The Chinese e-commerce giant, whose primary interest is in buying back the 40 percent stake in Alibaba owned by Yahoo, is still keeping its options open, and said it has not decided yet 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, 3881550 shares of BX exchange hands on a given day and today's volume is recorded at 4125437.
