Yahoo: Anyone Want to Bid?

(Ping! Zine Web Hosting Magazine) – Yahoo shook things up by recently by firing company CEO Carol Bartz. Now the company is hearing bids for an acquisition, according to a recent report from the Wall Street Journal.

Upon announcing the departure of CEO Carol Bartz last week, Yahoo Chairman Roy Bostock stated, “We are committed to exploring and evaluating possibilities and opportunities that will put Yahoo! on a trajectory for growth and innovation and deliver value to shareholders.”

The Journal noted that one of the possible bidders included private-equity firm Silver Lake. In July, Silver Lake formed part of a group that acquired web host GoDaddy (along with KKR & TCV).

In recent years, the internet search engine company has lost popularity due to the likes of Google. For more information, visit the Wall Street Journal at: http://online.wsj.com/article/SB10001424053111904491704576572751814111940.html?mod=WSJ_Tech_LEADTop

 

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