Yahoo Sale: What They’re Saying

Chris CrumBusiness

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Some interesting reports have been coming out about the potential sale of Yahoo.

Bloomberg BusinessWeek is reporting that A group of investors led by private- equity firm Silver Lake offered to buy a minority stake in Yahoo! Inc. for about $16.60 a share. This comes from “people with knowledge of the matter.”

This would value Yahoo at $20.6 billion.

Microsoft, Andreessen Horowitz and Canada Pension Plan Investment Board are part of the group.

Another offer was made by TPG Capital, and that was reportedly higher.

Om Malik writes, “Last night a source of mine sent me a text message about spotting Jerry Yang and David Filo (in a suit) at Palo Alto’s Four Seasons Hotel in company of some serious looking men, who spend a lot of time (and money) appearing to be self-important, a skill they perhaps learn in business school. His pithy message to sum it all up — looks like it is all going down.”

Rumors suggest Yang will remain on the Board. Malik runs down a few other rumors, such as the transaction is going to use PIPEs, OpenTable CEO Jeff Jordan will become CEO and Marc Andreessen will become chairman, KKR and Blackstone Group, Thomas H. Lee Parnters, and Alibaba along with Softbank and Blackstone all have their eyes on Yahoo.

According to the Wall Street Journal, Yahoo is looking to get a deal done by the end of the year.

Chris Crum
Chris Crum has been a part of the WebProNews team and the iEntry Network of B2B Publications since 2003. Follow Chris on Twitter, on StumbleUpon, on Pinterest and/or on Google: +Chris Crum.