Blackstone Group - owner of New Zealand's Burger King franchise - and Bain Capital are discussing whether to team up with two major Asia companies in a bid to buy Yahoo for more than $25 billion.
The possibility was floated yesterday in media reports that quoted unnamed people familiar with the matter.
Blackstone and Bain Capital could bid more than US$20 per share if they pursue a joint bid with China's Alibaba Group and Japan's Softbank.
Yahoo shares surged more than 6 per cent to US$16.72 in exten
