Microsoft-led group readies Yahoo! offer: report

Oct 20, 2011
The Microsoft logo is seen at the Electronic Entertainment Expo in Los Angeles, California in June 2011. US software giant Microsoft and private investors are assembling a multi-billion-dollar offer to purchase Yahoo!, the Wall Street Journal reported Thursday.

US software giant Microsoft and private investors are assembling a multi-billion-dollar offer to purchase Yahoo!, the Wall Street Journal reported Thursday.

Microsoft has teamed up with Silver Lake Partners and the Canada Pension Plan Investment Board for the offer, but has not yet decided whether to go through with it, the Journal said, citing unnamed sources.

The newspaper said at least nine private equity firms are eyeing Yahoo! and its global audience of 700 million monthly visitors to the company's various websites, including Yahoo! News, Yahoo! Finance and Yahoo! Sports.

It added that under the Microsoft deal, the buyers would spin off Yahoo!'s Asia assets after a .

Yahoo! shares surged more than 10 percent earlier this month on speculation that Microsoft would lodge a new bid for the web giant more than three years after being spurned.

Microsoft was publicly humiliated in 2008 when Yahoo! co-founder rejected a generous bid for the company at $33 a share, a valuation of more than $47 billion.

At the time a frustrated Microsoft chief emphatically said he was through with Yahoo! acquisition talks.

Meanwhile many Yahoo! shareholders blasted the company for spurning Microsoft, contributing to Yang's decision to step aside as chief executive.

The Journal said some private equity firms expect a deal for Yahoo! can now be done for around $16-18 per share, valuing the company at $20 billion to $22.7 billion.

Explore further: Court won't restore Oracle's $1.3B verdict vs. SAP

add to favorites email to friend print save as pdf

Related Stories

Silver Lake, others eye Yahoo!: reports

Sep 16, 2011

Private equity firm Silver Lake Partners has approached Yahoo! about making a bid for the struggling Internet company, according to newspaper reports.

Alibaba tells Yahoo! to decide on takeover

Oct 20, 2011

Alibaba Group Chairman Jack Ma said Thursday he expects an answer from Yahoo! within weeks to his long-standing offer to buy all or part of the US Internet giant, saying delays were hurting both firms.

Rupert Murdoch, Tom Glocer support Microsoft-Yahoo merger

May 29, 2008

Two media titans, Rupert Murdoch and Tom Glocer, the head of Thompson Reuters, said they support a partnership between computer giant Microsoft and Internet giant Yahoo, after a deal between the two companies fell apart in ...

Yahoo shares soar on new Microsoft takeover hopes

Oct 05, 2011

Yahoo Inc.'s stock price soared more than 10 percent late Wednesday on hopes that its once-spurned suitor, Microsoft, will return with another takeover bid now that the struggling Internet company is mulling ...

Recommended for you

Chinese e-commerce rivals challenge Alibaba (Update)

19 hours ago

China's biggest property developer, Wanda Group, and Internet giants Baidu and Tencent unveiled a new e-commerce venture Friday in a challenge to industry leader Alibaba Group ahead of its U.S. stock offering.

Nigeria launches national identity card scheme

Aug 28, 2014

Nigeria's President Goodluck Jonathan on Thursday launched a national electronic identity card scheme, which backers said would boost access to financial and government services in Africa's most populous nation.

User comments : 1

Adjust slider to filter visible comments by rank

Display comments: newest first

Humpty
1 / 5 (1) Oct 20, 2011
Yahoo is crap - just a hosting service for Nigerian Scammers.