Alibaba looking to purchase Yahoo

Alibaba is speaking with another company about obtaining finance for buying troubled internet giant Yahoo, according to a new report from Bloomberg.

The report claims that Temasek, which is a state-owned investment company, is now discussing with Alibaba the possibility of obtaining finance for the company.

One source has informed the publication that Temasek is not interested in owning Yahoo. But with the finance, Alibaba would be able to gain control over the portion of Yahoo it does not already own.

Analysts have been closely watching Yahoo since its board ousted chief executive Carol Bartz. Since then a number of reports have indicated other companies are interested in buying the business.