Seagate's (STX) Private Equity Confession Could Benefit Yahoo! (YHOO)
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News after the close from Seagate (NYSE: STX) that it has received preliminary interest regarding a private deal could be beneficial to Yahoo! Inc. (Nasdaq: YHOO) shares, which itself had reports of private equity interest today.
After initially rocketing shares of Yahoo! higher in pre-open trade, the private equity interest in Yahoo! was mostly dismissed which lead to a majority of the gains evaporating by the end of the day.
Just a few weeks ago reports surfaced that Seagate's talks with private equity firms failed. Now today you have them back to the table with a possible deal.
This could bode well for Yahoo!, as private equity firm's could be rushing to get something done before year end.
After initially rocketing shares of Yahoo! higher in pre-open trade, the private equity interest in Yahoo! was mostly dismissed which lead to a majority of the gains evaporating by the end of the day.
Just a few weeks ago reports surfaced that Seagate's talks with private equity firms failed. Now today you have them back to the table with a possible deal.
This could bode well for Yahoo!, as private equity firm's could be rushing to get something done before year end.
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