AOL linked to Yahoo takeover bid
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Yahoo is said to be the target of a takeover bid by AOL and a private equity group.
Speculation on the US markets last night suggests private equity group Silverlake Partners is in discussions with AOL about a takeover, with another firm Blackstone Group also being linked to a bid.
Yahoo currently owns 40% of China-based supplier site Alibaba, and any potential bid could result in the separate sale of the company.
Other reports suggest Rupert Murdoch’s NewsCorp is also consider a bid for Yahoo.
However the initial report by the Wall Street Journal suggested that any discussions by the bidders is in the very early stages, and Yahoo were not involved.
Microsoft failed to bid for Yahoo in 2008 for $40bn (£25bn). Yahoo’s market value is now thought to be around $20bn (£12.4bn), as the company has seen its fortunes slide with the likes of Google dominating the market.
Earlier this month three of its leading executives left the company in a shock exit move.
Readers' comments (2)
Barry White | Fri, 15 Oct 2010 11:56 am
This would be the funniest takeover in Internet History. 2 Companies that have their own houses in a right old mess coming together. Both have failed and failed miserably in previous aquisions.
What Yahoo! needs is a young entrepreneur to come in and shake all the old dinosaurs out of the company - sharpen it up and take away all the red tape and bureaucracy all big Yank companies have.
If this goes ahead - mark my words it will fail, sell your shares now and get ready for the laugh of the century.
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Dennis Vasilev | Sat, 16 Oct 2010 3:52 pm
However the initial report by the Wall Street Journal suggested that any discussions by the bidders is in the very early stages, and Yahoo were not involved. - or maybe it's just a speculation and somebody desperately needs to boost share before selling, time will tell, this needs closer look.
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