FT Reports Yahoo! (YHOO) Getting Closer to Possible PE Deal
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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.
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