Yahoo may rethink use of cash from Alibaba deal
SAN FRANCISCO, Aug 9 Yahoo Inc may re-evaluate plans for the cash it gets from a multibillion-dollar sale of half of its 40 percent stake in Chinese Internet company Alibaba Group.
Oct 10 HabourVest offered to buy smaller rival SVG Capital's investment portfolio, providing an alternative to its $1.35 billion cash offer for the company, as it looks to trump an already accepted offer from Goldman Sachs and the Canada Pension Plan Investment Board.
Boston-based private equity firm HarbourVest said it was willing to pay at least 783.1 million pounds ($973.8 million) for SVG Capital's investment portfolio.
SVG declined to comment when contacted by Reuters. ($1 = 0.8042 pounds) (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Sunil Nair)
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