According to Reuters, the Yahoo sale moves forward as private equity firms agree to confidentiality agreement. The California-based Internet pioneer said potential buyers had to sign an agreement by Friday to be allowed a close look at Yahoo’s finances. The Friday deadline could be extended into next week, however, to provide more time for other firms to sign on, the sources said.
Any deal for Yahoo would be complex due to Yahoo’s stakes in Alibaba and Yahoo Japan. Yahoo also has a search advertising partnership with Microsoft that would figure heavily into any deal. It may be in the cards that Alibaba’s Jack Ma with his private equity partners could upset Jerry Yang’s plans.
Source: Press Reports