Rumor Puts Anonymous Group In Line To Buy Yahoo

Suggests Microsoft involvement, earns shareholders' belief

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[ Business]

Fair warning: this is an unsubstantiated, nonspecific, and not entirely easy to swallow rumor.  Today isn’t April 1st, however, and the rumor seems to have gotten the attention of a leading tech reporter and at least a few stock traders.  So (for the umpteenth time) consider the possibility that Yahoo is on the path to getting acquired.

Michael Arrington writes, "A group of well known Silicon Valley executives and top investment bankers are putting together a Yahoo takeover deal that would be financed largely from debt supplied by Microsoft, we’ve learned from sources with knowledge of the proposed transaction."

Yahoo Buying Rumors

He then continues, "Under the terms of the proposed deal, the investment group would make a takeover bid for Yahoo at a relatively low premium of around 20% to its current price of around $13 per share, valuing the company at just over $20 billion."  Microsoft, meanwhile, would gain control of Yahoo’s search and advertising arms.

And those are about the only details available.  Some mysterious organization might, at some point, pick up Yahoo with the help of Steve Ballmer, then.  You can’t say the first sentence of this article didn’t warn you.

Still, people with money are throwing a little of it behind the idea; even as the Dow and Nasdaq are crashing, Yahoo’s stock has been lifted well above both of them (in terms of percentages) by the rumor.

Rumor Puts Anonymous Group In Line To Buy Yahoo
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  • http://wolfet.co.uk/blog NeuroToxic

    I can’t even begin to understand the financial status of Yahoo, im still completely baffled as to why they would need to sell, all i hope is they don’t sell out, i use servies from both Microsoft and Yahoo and i would prefer for them to remain as separate businesses/entities.

  • http://randomplaza.com Richard C Mongler

    Yahoo does need improvements. Most of the time when I make a new account with them, Yahoo scrambles the password within a couple days.

    After that, I can’t send an email using Yahoo Mail without entering a human-unreadble CAPTCHA and so I have to pay beatcaptchas.com every time I want to email someone.

    I remember in 2000, it was impossible to contact a human at yahoo at all, just like it is to contact a human about problems with gmail like when gmail banned my time zone for a week. In 2000 I had to call and call to find yahoo’s corporate office.

    Oh and asking yahoo for support help requires that you try to get past one of their human unreadable CAPTCHAs again, though sometimes yahoo removes it and sometimes they put it back, going back and forth.

    So I think a change of management would be good.

  • Guest

    Yahoo should wake up and get back into the online store selling. They blew it when they stopped the auctions. Their homepage is puky liberal and is not in touch for the most part. Biased as well. As a business it’s not run very well. Glad to see that goober step down.

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