Yahoo on alert over £13bn bid

first_img Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoThe Sports DropForgotten College Basketball Stars: Where Are They Now?The Sports DropUndoBrilliant TravelerHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeBrilliant TravelerUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTaco RelishOnly People With An IQ Of 130 Can Name These ItemsTaco RelishUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndo whatsapp More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comPuffer fish snaps a selfie with lucky divernypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comConnecticut man dies after crashing Harley into live bearnypost.comUK teen died on school trip after teachers allegedly refused her KCS-content Yahoo on alert over £13bn bid Show Comments ▼ STRUGGLING internet giant Yahoo is preparing itself for a possible $21bn (£13bn) takeover bid from a private equity-backed AOL.Yahoo has retained Goldman Sachs to advise it on a bid as market speculation reached fever pitch last night.Any deal would be one of the most significant in the online world in the last decade.Sources close the matter say Silver Lake Partners is in early discussions with AOL about a takeover, which analysts say could give both flagging online firms a base from which to compete with Google and Microsoft.Blackstone has also been suggested as a possible backer of a bid but a source close to the firm last night distanced the US private equity giant from a deal. The source added a deal could also be struck between a private equity vehicle and media giant News Corp if AOL talks break down.Discussions with AOL are said to have commenced about two weeks ago and intensified in recent days, but Yahoo has not yet been approached.A bid is understood to rely on Yahoo selling its prized Asian assets, including a 40 per cent stake in China’s Alibaba Group and 34.5 per cent of Yahoo Japan. Yahoo shares rose 9.5 per cent on the speculation.Yahoo became a potential target after failing to revive its sales. It has been overshadowed by Google and its market value is now little more than a tenth of its rival at $20.56bn (£12.83bn).Analyst Ian Maude of Enders Analysis told City A.M.: “This could give AOL and Yahoo the scale to compete with the big industry players. It would also have obvious synergistic advantages, with both firms offering similar email, messaging and content services.”Maude added: “But crucially, there seems to be little strategic advantage. It gives no direct route into the key mobile market, which is where the real battleground lies.”Speculation of private equity interest in Yahoo, which is struggling to stem an exodus of senior executives to rivals, has been growing in recent months.Its controversial chief executive Carol Bartz has come under particular fire and would almost certainly be replaced should a deal be struck.Yahoo posted nearly flat second quarter revenue yesterday after taking a hit from the fall off in web advertising spend. It said its revenue in the three months to 30 June was $1.6bn, compared with $1.57bn in the same quarter last year, disappointing the market center_img Share Thursday 14 October 2010 9:50 pm whatsapp Tags: NULLlast_img read more