More Private Equity Firms Circle Yahoo! (YHOO)
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Price: $118.40 -1.6%
Overall Analyst Rating:
NEUTRAL ( Down)
Dividend Yield: 3.6%
Revenue Growth %: +48.2%
Overall Analyst Rating:
NEUTRAL ( Down)
Dividend Yield: 3.6%
Revenue Growth %: +48.2%
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Bloomberg reports Blackstone Group (NYSE: BX) and KKR (NYSE: KKR) are two companies among many who are currently looking a placing a bid for Yahoo! (Nasdaq: YHOO).
The private-equity firms could possible partner with other companies in an effort to pool together the proper finances needed. Any company who is seriously looking to acquire Yahoo will most likely have to correlate with Alibaba Group.
It has been reported earlier that Alibaba was in talks with Silver Lake and Russia's Digital Sky Tech. to make a joint bid on Yahoo. Another group of potential acquires include Providence Equity Partners and former News Corp. executive Peter Chernin.
Yahoo announced that it has been looking through inquiries from multiple bidders and is looking at the Alibaba and Providence groups as the two most likely acquirers.
A rumor was released last week that Microsoft (Nasdaq: MSFT) was again looking to launch a bid on Yahoo, but management at Microsoft was quick to deny the rumor. Source said they may look to help finance a deal but would not make any solo offer.
Shares of YHOO are trading up 1.08 percent currently after spiking up substantially on the news.
The private-equity firms could possible partner with other companies in an effort to pool together the proper finances needed. Any company who is seriously looking to acquire Yahoo will most likely have to correlate with Alibaba Group.
It has been reported earlier that Alibaba was in talks with Silver Lake and Russia's Digital Sky Tech. to make a joint bid on Yahoo. Another group of potential acquires include Providence Equity Partners and former News Corp. executive Peter Chernin.
Yahoo announced that it has been looking through inquiries from multiple bidders and is looking at the Alibaba and Providence groups as the two most likely acquirers.
A rumor was released last week that Microsoft (Nasdaq: MSFT) was again looking to launch a bid on Yahoo, but management at Microsoft was quick to deny the rumor. Source said they may look to help finance a deal but would not make any solo offer.
Shares of YHOO are trading up 1.08 percent currently after spiking up substantially on the news.
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