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Silver Lake explores possibility to acquire Yahoo: Report

Silver Lake explores possibility to acquire Yahoo: Report
PTI
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First Published: Fri, Sep 16 2011. 07 10 PM IST
Updated: Fri, Sep 16 2011. 07 10 PM IST
New York: Private equity firm Silver Lake Partners and some other entities are exploring the possibility of acquiring beleaguered internet firm Yahoo Inc, says a media report.
“Yahoo has been contacted by potential bidders for some or all of the internet company, even as it focuses on stabilising its executive ranks and bolstering its online-ad business,” The Wall Street Journal reported citing a source.
Executives at Silver Lake are among the potential bidders that have called Yahoo directors about a possible deal, but Yahoo has not met with the firm, the report added.
Yahoo has signalled potential suitors that it isn’t under pressure to make a deal quickly, the daily noted.
According to the publication, spokesperson of Silver Lake and Yahoo declined to comment.
The firing of Yahoo chief executive Carol Bartz last week has triggered questions about the internet company’s strategic direction and whether it will survive as an independent entity.
Directors have put a priority on evaluating selling all or part of the company, rather than on a CEO search, the daily said.
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First Published: Fri, Sep 16 2011. 07 10 PM IST