Report: Silver Lake And Microsoft To Acquire Minority Stake In Yahoo
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Reports emerged today that Silver Lake consortium backed by Microsoft is looking to acquire a minority stake in Yahoo. There are also other bidders on this financial proposal. NYT says,
A consortium of investors led by the private equity firm Silver Lake and Microsoft is one of several parties that will be submitting a plan to take a minority stake in Yahoo, according to people briefed on the matter.
TPG Capital, another private equity firm, is also expected to submit a proposal, these people said. Both plans involve taking as much as a 20 percent stake in Yahoo.
Silver Lake, Microsoft and its consortium, which will most likely include the venture capital firm Andreessen Horowitz, may be particularly attractive to Yahoo, which is seeking to bolster its leadership on the product and finance side.
There are lots of others trying to bid for Yahoo’s stake. Alibaba group from China in which Yahoo has 40% stake is also discussing with various firms to do some kind of deal that will benefit it. Lets see who pockets Yahoo ! !
Source: NYT
