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Microsoft says Yahoo!
November 29, 2011 by publisher · Leave a Comment
Reports that Microsoft may be eyeing a stake in Yahoo surfaced for a second time as rumours continue to circulate that several groups are preparing to bid for a minority stake to help return Yahoo to its halcyon days. According to CNET , Microsoft is just one of several high-profile investors teaming up in a venture led by equity firm Silver Lake to bid for a stake in the company. Though reports remain officially unconfirmed, sources close to deal are reporting that Yahoo’s financial advisors set a deadline for bids early this week, and the board of directors is expected to discuss potential deals immediately. Since the departure of Bartz in September, reports Yahoo was “open to selling itself to the right bidder” have circulated, with industry experts speculating a number of different options going forward – including sale and restructuring. “The question is whether Yahoo can be a growth company again,” said a source close to the situation . “And that is still unclear.” One of the most significant changes in the rumoured deal would see investor and Netscape co-founder Andreessen Horowitz – who already serves on the board of directors at Hewlett Packard – installed as chief executive.
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Microsoft says Yahoo!
