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Yahoo Preps Books For Likely Buyers

  • Reuters, Wednesday, October 5, 2011 11:37 AM
Goldman Sachs and Allen & Co. are preparing to give potential Yahoo buyers a close look at the company's books, Reuters reports, citing sources. It's the clearest sign yet, Reuters writes, that "the troubled Internet giant is ready to put itself on the block."

Just this week, reports surfaced that private-equity firm Silver Lake, China's Alibaba Group, and Russia's Digital Sky Technologies are considering a joint bid for the Web portal. According to sources Reuters writes: "Over the last few weeks, potential buyers, including large technology and media companies, private equity and international companies, have proposed many different options regarding Yahoo's various businesses."

Last week, Alibaba head Jack Ma said he was "very, very interested" in Yahoo. Raising expectations for an eventual deal, in a memo to employees last month, Yahoo executives said that its advisers were "fielding inquiries from multiple parties that have already expressed interest in a number of potential options."

Read the whole story at Reuters »

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