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Report: SoftBank in talks to buy Yahoo assets

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Report: SoftBank in talks to buy Yahoo assets

SoftBank GroupCorp. President Nikesh Arora is in talks with 's board for a potentialbid for the Internet company's assets,the New York Post reported April 2,citing a source close to the situation.

SoftBank already owns a 36.4% stake in Yahoo Japan, whileYahoo owns a 35.5% stake, and the companies "are figuring out a solutionfor the whole," the source reportedly said. SoftBank also owns a 32% stakein Alibaba Group Holding Ltd.and Yahoo owns a 15.5% stake, with Alibaba Chairman Jack Ma owning a 5%interest. SoftBank could reportedly end up with a 47.5% stake in Alibaba if adeal with Yahoo goes through.

A source, meanwhile, said Ma would not want SoftBank tobecome a controlling shareholder in Alibaba.