Microsoft considers buying Yahoo, again
Microsoft appears to be one of many bidders interested in taking over Yahoo!, an Internet search and feature company with a market value of around $20 billion (R158.70 billion).
Other companies in the running for Yahoo include Providence Equity Partners, Hellman & Friedman, Silver Lake Partners, Chinese e-commerce giant Alibaba, and Russian technology investment firm DST Global according to Reuters.
Internal divisions at Microsoft are slowing decisions down however, with some executives feeling that Yahoo doesn’t present enough opportunity for growth to justify the $20 billion (R158.70 billion) price tag.
One high level executive speaking on condition of anonymity said, “Yahoo’s value hasn’t grown in years, and some executives feel we should buy something that is more forward-looking.”
Microsoft’s initial bid of $47.5 billion (R376.91 billion) or $33 (R261.85) per share was rejected by Yahoo in 2008.
Read the full story over at: Reuters.
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