Does Yahoo! Want A Piece of Indiatimes?

The Financial Times is reporting that Yahoo! is in talks with Indiatimes about acquiring a minority stake in the company.

A senior executive at privately-owned Bennett Coleman, whose newspapers such as the Times of India are among the country's best selling titles, confirmed that negotiations were taking place but added that the group was also talking to private equity funds... Yahoo is looking to strengthen its presence in India, having recently consolidated its position in China. It has a fledgling e-commerce partnership with Rediff.com and a small research and development unit in Bangalore.