AfterDawn: Tech news

Yahoo still receiving interest from potential bidders

Written by Andre Yoskowitz @ 18 Sep 2011 12:11

Yahoo still receiving interest from potential bidders According to the WSJ, Yahoo continues to be contacted by potential bidders that are interested in purchasing the company or at least taking a large stake.
Private equity firm Silver Lake Partners is said to be very interested, although Yahoo has not yet met with them.

Peter Chernin, the former COO of New Corp and current owner of Chernin Entertainment has also had discussions with the company, but those talks are still in the early stage.

Chernin is also talking to private-equity firm Providence Equity Partners to be part of the deal.

Yahoo is worth around $18 billion, currently, but around 40 percent of the company's value is based in two long-term investments, their 35 percent stake in Yahoo Japan and their 40 percent stake in Alibaba. Most PE firms have noted they are not willing to purchase the company until those Asian stakes are sold or spun off, making Yahoo lighter and easier to purchase.

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