Science News Headlines | Latest Science News Articles – Yahoo! India News: BASIS POINT-Alibaba's $4 bln loan takes shape

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BASIS POINT-Alibaba's $4 bln loan takes shape Dec 15th 2011, 09:28 HONG KONG (Reuters) - A handful of lenders are considering committing to the $4 billion loan for Alibaba Group that will help the Chinese e-commerce giant buy back part of the 40 percent stake that Yahoo Inc owns in the company, Thomson Reuters publication Basis Point reported on Thursday, citing sources. A term sheet should be finalised this week after lenders approached for the financing had provided some feedback, Basis Point reported, citing sources close to the matter. A law firm has been appointed and lenders will be allowed to commence due diligence once the term sheet is finalised. ...

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