Yahoo! refuses! to! sell! as! buyers! flash! cash!
What kinda cheap portal do you take us for?
Yahoo! is still trying to work out if it can survive without having to be sold to any number of bidders said to be circling the troubled internet company.
"The intent going in is not to put ourselves [up] for sale," the firm's co-founder Jerry Yang told All Things Digital yesterday. "The intent is to look at all the options."
Meanwhile private equity outfit and Skype backer Silver Lake Partners has reportedly been trying to work out a buyout deal with the Canada Pension Plan (CPP) Investment Board and Microsoft.
According to a report on the Wall Street Journal, which cited well-placed sources, MS would offer up several billion dollars of funding to help the group purchase Yahoo!, more financing would be arranged by the banks.
The remaining amount of cash required for such a takeover would be provided by CPP Investment Board and Silver Lake, according to WSJ's secret squirrels.
Yahoo! is said to be in talks about such a proposal, alongside discussions with other would-be suitors.
Each month the struggling internet outfit continues to attract 700 million users a month, Yang confirmed yesterday.
But despite the popularity of the company's sites – which is similar in userbase size to Facebook – sales of online display ads in the US remain crappy. ®
Sponsored: Benefits from the lessons learned in HPC