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Google to buy Yahoo?2011-10-24 Google Incorporated . Has chatted with at least two-private equity firms about possibly helping them to finance a deal to buy Yahoo Inc.'s core business, according to the tale, which referenced a person acquainted with the problem, and didn't identify the source. The Book announced Google and potential partners have held early-stage talks, but haven't assembled an official suggestion. The source claimed Google may not finish up following a bid. A spokesman for Mountain View, California-based Google remained silent to The Associated Press. A spokesman for Sunnyvale, California-based Yahoo recounted the company does not comment "on rumour or speculation." Messages the AP left on Sat. with members of Google, based in Mountain View, California, weren't returned. Any participation by Google in a Yahoo purchase would most probably draw antitrust examination from regulators, due to both companies' stocks in the Net search business. The report came as backers have lately driven up Yahoo's share price, gambling the company will sell itself, either in full or in part. Closing Fri. at $16.12 per piece, the shares have gained just about twenty-five p.c since Sept. Six, when General Manager Carol Bartz was fired. They're up forty five % from the stock's 52-week low reached in early Aug. There's been repeated supposition the company could be sold to a variety of buyout firms that prey on disturbed firms. Alibaba Group, a Chinese Net company of which Yahoo owns a 43 % stake, has voiced interest if it can line up the financing for a deal that would most probably need a bid of more than $20 bln, the existing market valuation of Yahoo's shares. Microsoft Co , which offered to buy Yahoo for $47.5 bln in 2008 before withdrawing the bid, also has been discussed as a possible suitor. Since Bartz' firing, Tim Morse has been filling in as Yahoo's interim Manager while also working as chief fiscal officer. After the corporation's Q3 takings statement on Tues. , Morse told researchers that he could not speak about what the firm's next step could be or when it would take it. Yahoo is under stress because its money has been falling at a point in time when the Web advertising market has been growing as rivals like Google and Facebook gain share of the market. Though it's still recognised around the planet, Yahoo's brand has been losing its luster as folks increasingly embrace social networks like Facebook and short-messaging service Twitter to keep control of what is going on rather than counting on a media center like Yahoo's web site. |
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