Rumors are flying that Yahoo is hot on the heels of deal-of-the-day website Groupon, with valuations pegged at $2 billion and higher. But is this a good way for Yahoo to spend its cash?
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Yahoo (YHOO) has hired Goldman Sachs Group (GS) to help deal with possible takeover approaches, Bloomberg News reported.
Yahoo has been working with advisers for about two weeks, but has not received any offers, Bloomberg News said.
AOL (AOL), DailyFinance‘s parent company, has discussed a possible bid for Yahoo with private equity firms, according to reports.
In February 2008,…
Continue reading Yahoo Hires Goldman Sachs to Deal With Takeover Bids
Yahoo Hires Goldman Sachs to Deal With Takeover Bids originally appeared on DailyFinance on Thu, 14 Oct 2010 06:46:00.
Filed Under: Company News, Technology, Media, Goldman Sachs , Microsoft, Yahoo, Credit, AOL
AOL is reported to be collaborating with private equity firms to explore a possible Yahoo takeover attempt. In theory, an AOL-Yahoo deal would position the merged company to compete for online advertising dollars more effective…
Yahoo CEO Carol Bartz has been praised for her blunt, foul-mouthed management style. But with shares of the company down more than 14% this year, her $39 million pay package is a little hard to swallow.
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Well, DailyFinance readers, it’s been a great ride, but now it’s time for me to say goodbye. On Monday, I start a new job at Forbes, where I’ll be covering media and technology.
Continue reading So Long, and Th…