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.

Read article

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Related News

SKS Microfinance Founder Resigns
READ MORE

After months of debates and speculations Vikram Akula, founder and chairman of SKS microfinance, resigned from the ...

Job Plan for Small Businesses
READ MORE

The support given by President Obama to small and medium enterprises has inspired similar initiatives across the ...

Gávea Raises US $ 1.9 Billion for Private Equity Fund
READ MORE

Gávea Investimentos, a Brazilian asset manager regulated by the Brazilian Central Bank and the Comissão de Valores Mobiliários, has raised US $ 1.9 ...