Yahoo Continues to Attract Huge Name Suitors
Yahoo Inc (NASDAQ:YHOO) acquired a number of potential suitors for a proposed buyout this week and the list continues to grow.
The latest company to punch Yahoo’s dance card is Google (NASDAQ:GOOG). The Internet giant has supposedly spoken to two private-equity firms about helping to finance a deal for the company’s core business. The discussions are in the early stages, a proposed plan hasn’t been put together and the private equity firms have not been identified.
Also expressing interest in Yahoo this week was Microsoft Corp (NASDAQ:MSFT). The company said it would extend financing to deal partners and purchase preferred stock in Yahoo. Silver Lake Partners and the Canada Pension Plan Investment Board are the private equity firms that Microsoft has been speaking to about the proposed deal.
Microsoft (NASDAQ:MSFT) is an interesting suitor as earlier in the week, its CEO Steve Ballmer disssed Yahoo (NASDAQ:YHOO) by saying his company was “lucky” that their 2008 $44.6 billion takeover bid failed. It was right before the market crashed and Yahoo started to dive and continues to struggle today. back in 2008.
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