An investment group led by Jack Ma's Alibaba is preparing to make a bid for all of Yahoo, according to Bloomberg, citing three people familiar with the matter.


Alibaba has gotten its financing in order to buy the whole company,. Blackstone and Bain are also in on the consortium. The group would prefer an invitation for a friendly bid rather than doing a hostile takeover.

Yahoo hasn't received the bid yet, though, and no word on the price.
Yahoo's stock jumped 4% after hours on the news.

Alibaba wants to reclaim the 40% share that Yahoo now owns in Alibaba. Ma has said several times recently that he's "very interested" in buying the company.

Yesterday, a consortium led by Silver Lake and Microsoft reportedly bid $16.60 per share for a minority stake in the company, and TPG Capital came in with a