Google has talked to at least two private-equity firms for financing deal to buy Yahoo Inc.'s core business
Google is reportedly in a talk to acquire Yahoo, the internet pioneer through private equity firm.
Google has talked to at least two private-equity firms for financing deal to buy Yahoo Inc.'s core business, said an unnamed source, according to a report by the The Wall Street Journal.
The report has mentioned that the discussion is in a very primary stage and a formal proposal is yet to be decided. It is also not clearly said which private-equity firms Google is in a talk with.
It is predicted that this acquisition might gear up Yahoo to reach a better financial stage as revenue wise Yahoo is not facing a very good time. For the third quarter which ended on Sept. 30, 2011, the company reported to have a 5 percent decline in overall revenue year over year.
Earlier, Microsoft also wanted to buy Yahoo, but finally it could not. According to Microsoft CEO Steve Ballmer, it was good fortune that his company didn't buy Yahoo for a lofty price three years ago.
However, this time, Yahoo's valuation might go lower compared to Microsoft's bid.
News from - http://news.in.msn.com/technology/article.aspx?cp-documentid=5543661
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