Yahoo Co-Founder Jerry Young Considers Buyout

Posted by Joachim Bartels | Oct 11, 2011 | E-Commerce, Internet Development, United States, Yahoo | 0 |

Yahoo co- founder Jerry Yang would like to take the $20 billion company off public markets, according to people familiar with the situation.

There are many reasons for Yang exploring this new avenue: Yahoo is punished by Wall Street for not being a growth company and its low stock price has enticed others to consider a takeover of Yahoo:

Jack Ma, CEO of Alibaba, said last month that he would be “very interested” in buying Yahoo. Microsoft Corp is also considering bidding for Yahoo, as is Silver Lake Partners, Providence Equity Partners and Hellman & Friedman, Reuters reported last week.

Another private firm that has expressed interest in Yahoo is Bain Capital. Bain has invested heavily in several media companies including Clear Channel Communications and The Weather Channel in recent years.

Source: Huffington Post

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

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