Temasek and Alibaba discuss Yahoo

Singapore's Temasek Holdings Pte has offered to Chinese online retailer Alibaba Group Holding Ltd. to finance the buy-back of a 40 percent stake in the shares Yahoo! Inc. which is valued at $13 billion.

This deal will allow Jack Ma, chairman of the board of directors of the Alibaba, increase control of the company and increase the Singapore fund's investment in the Chinese economy.

It was previously reported that investment fund DST Global, US private equity fund Silver Lake and Alibaba Group are discussing a joint bid for the company Yahoo.