Thursday, December 1, 2011

Yahoo, Don’t Blow It — Again

Yahoo! (NASDAQ: YHOO ) should take the money and run fast. According to
Reuters , Blackstone Group and Bain Capital along with some Asian partners are
preparing a bid of about $25 billion for all of the Internet portal. It remains
unclear whether China's Alibaba, which wants to buy back Yahoo's 40%
ownership stake in it, will participate in the $20 per share bid, though it
seems likely it would. The offer represents about a 27% premium over Yahoos
closing price of $15.71 on Wednesday and would be superior to the $16.60 bid
that a group of investors lead by Silver Lake, a private equity firm, have
reportedly made for a minority stake the Sunnyvale, Calif.-based company. It's
also less complicated. According to Bloomberg News, Silver Lake and a group of
investors including Microsoft (NASDAQ: MSFT ), offered to buy about a 10% to 15%
share

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