Yang May Be Seeking to Buy Yahoo! (YHOO)
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Yahoo! (Nasdaq: YHOO) co-founder Jerry Yang is considering buying the company, BusinessInsider.com reported citing sources.
Yang has yet to line-up capital to buy the entire company, the report also stated.
The story claims there is a feud between Yang and Chairman Roy Bostock.
Shares of Yahoo! are up 5.6% into the close, propelled by this latest rumor and a earlier disclosure that activist investors Dan Loeb is pushing for a board overhaul.
Yang has yet to line-up capital to buy the entire company, the report also stated.
The story claims there is a feud between Yang and Chairman Roy Bostock.
Shares of Yahoo! are up 5.6% into the close, propelled by this latest rumor and a earlier disclosure that activist investors Dan Loeb is pushing for a board overhaul.
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