Alibaba Group, the Chinese e-commerce company partly owned by Yahoo!, has secured a $3 billion loan to return one of its units to the private markets, according to reports.
The company is looking to take Alibaba.com private again and avoid the scrutiny of the public markets.
Yahoo! had been in talks with Alibaba Group and CEO Jack Ma to sell a portion of its 40 percent stake in the company, but talks have stalled.
The deal, which would include a Yahoo! Japan sale, was valued at up to $17 billion. Alibaba Group has also tapped bankers to help fund that deal.
It was unclear yesterday how the privatization plan for Alibaba.com, one of three units under the Alibaba umbrella, would affect Yahoo!’s bid to unload its stake.