Yahoo shares rose 0.59 dollars in Monday

Source: Internet
Author: User
Keywords Google funding
Tags close closed company google google + google+ help internet +

Absrtact: October 25 News, according to foreign media reports, Google may be funded to help other companies to buy Yahoo rumors of the stimulus, local time in Monday, Yahoo shares rose 0.59 U.S. dollars, a gain of 3.66%, closed at 16.71 U.S. dollars. The Wall Street Journal last weekend cited not

The October 25 news, according to foreign media reports, in Google's possible contribution to help other companies to buy Yahoo rumors of the stimulus, local time in Monday, Yahoo shares rose 0.59 U.S. dollars, a gain of 3.66%, closed at 16.71 U.S. dollars.

The Wall Street Journal, citing unnamed sources at the weekend, said it was in contact with two private-equity firms trying to buy Yahoo, offering part of the money to buy Yahoo. But the Wall Street Journal did not disclose which two companies Google was in contact with.

Google spokeswoman Caitlin Todegent-Gibberg Katelin Todhunter-gerberg said the company would not comment on rumours and speculation. Yahoo has not commented.

Many companies are interested in acquiring Yahoo. Yahoo's board is more meaningful in assessing whether to sell a company or to hire a new chief executive. Alibaba is the only company that openly claims to be buying Yahoo, and other companies that are interested in acquiring Yahoo include the private equity firm KKR & Co, Blackstone (Blackstone Group), Silver Lake (Silver), And the Silicon Valley venture capital company Andreessen Horowitz. Some media reports say Microsoft is considering whether to offer some money for Silver Lake's takeover of Yahoo.

Since Yahoo's dismissal of former chief executive Bartz Carol Bartz, the takeover rumours have spurred Yahoo's share price rise to nearly 30%.

Industry insiders point out that the dominant position in the Internet search market makes it almost impossible for Google to participate in the acquisition of Yahoo. The US Justice Department objected to Google's attempt to reach a search advertising agreement with Yahoo, which would reduce market competition. The Wall Street Journal report stressed that Google might not be involved in a deal to buy Yahoo.

It is not clear whether Yahoo will sell the company. Many shareholders are dissatisfied with Yahoo's declining revenues in the context of the strong growth in the Internet advertising market. Yahoo's board has yet to set a timetable for taking the next step.

Despite its poor financial position, Yahoo remains an attractive target because its audience is about 700 million and holds stakes in Alibaba and Yahoo Japan.

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