Equity Firms Plan to Buy Yahoo
A press bulletin published by Reuters News Agency reveals that a group of private equity firms (including Kohlberg Kravis Roberts and TPG Capital) are trying to buy minority stakes up to 20% of Internet company yahoo.com. On the long-term they eventually will take over the whole company. The acquisition of a minority stake could give both firms an advantage in taking the full control. According to Reuters Yahoo’s Strategic Review “is complicated by the different agendas of players with a say in the situation, including its Asian partners, the co-founders, the board and shareholders”. On September 6th Carol Bartz was removed from her position as Yahoo!’s CEO. Chief financial officer Tim Morse was named as interim CEO of the company.
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Nov 28, 2011
SOURCE | DATE
reuters.com -
CATEGORY
Private Equity -
TAGS
acquisitions, web businesses,
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