FT Reports Yahoo! (YHOO) Getting Closer to Possible PE Deal
Tweet
Share
E-mailGet Alerts YHOO Hot Sheet
Join SI Premium – FREE
Yahoo! (Nasdaq: YHOO) shares are outperforming the broader stock market Monday morning, possibly on the heels of rumors out of the FT. The stock last traded at $15.48, up 1.5 percent from Friday's closing price.
Sources in touch with the FT said Yahoo! has gotten closer to agreeing to terms for a sale of all or part of the company, and is now in exclusive talks with several private-equity firms. Rumors suggest Alibaba and Softbank may be attempting to form a group of PE investors in order to make a bid for all of Yahoo!.
Since ousting former CEO Carol Bartz on September 6th, and ultimately sparking renewed takeover rumors, Yahoo! shares have rallied nearly 20 percent.
Sources in touch with the FT said Yahoo! has gotten closer to agreeing to terms for a sale of all or part of the company, and is now in exclusive talks with several private-equity firms. Rumors suggest Alibaba and Softbank may be attempting to form a group of PE investors in order to make a bid for all of Yahoo!.
Since ousting former CEO Carol Bartz on September 6th, and ultimately sparking renewed takeover rumors, Yahoo! shares have rallied nearly 20 percent.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Conmed weighing sale after takeover interest - Bloomberg
- Qatari Negotiators Are In Iran To Meet Iranian Officials In An Effort To De-escalate - Reuters
- Microsoft Replaces OpenAI, Anthropic With Own AI in Some Apps - Bloomberg
Create E-mail Alert Related Categories
RumorsRelated Entities
Carol BartzSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
