Feeds

Microsoft! among! suitors! hungry! for! small! bite! of! Yahoo!

Ailing web firm looks to avoid investor consult

High performance access to file storage

Yahoo! has taken bids for a less than 20 per cent stake in the firm, to supply the ailing web company with cash while avoiding a shareholder vote.

A group of investors including private equity firm Silver Lake and one-time suitor Microsoft have offered around $16.60 a share for the stake, people with knowledge of the matter told Bloomberg.

That offer would value the company at $20.6bn, around half of what the Redmond firm offered for the whole company just a few years ago.

The Microsoft collective is looking to take on around 10 to 15 per cent of the firm, the people said.

Their price was less than the offer made by private equity firm TPG Capital, they added.

Yahoo! can offload a stake of under 20 per cent without having to consult its shareholders, probably something it's quite keen on considering the amount of flak disappointed investors have given the firm and its board as it continues to fail to restore itself to its former glory.

Some shareholders believe that co-founder Jerry Yang should have sold to Microsoft for the $40bn+ when he had the chance and haven't been inclined to forgive and forget while the board tries to work out if it should hand over a small stake or the whole company.

A wide range of firms are rumoured to have an interest in Yahoo!, whether in bits and pieces or its entirety, including China's Alibaba Group and a raft of private equity outfits. ®

High performance access to file storage

More from The Register

next story
Seagate brings out 6TB HDD, did not need NO STEENKIN' SHINGLES
Or helium filling either, according to reports
European Court of Justice rips up Data Retention Directive
Rules 'interfering' measure to be 'invalid'
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Cisco reps flog Whiptail's Invicta arrays against EMC and Pure
Storage reseller report reveals who's selling what
Bored with trading oil and gold? Why not flog some CLOUD servers?
Chicago Mercantile Exchange plans cloud spot exchange
Just what could be inside Dropbox's new 'Home For Life'?
Biz apps, messaging, photos, email, more storage – sorry, did you think there would be cake?
IT bods: How long does it take YOU to train up on new tech?
I'll leave my arrays to do the hard work, if you don't mind
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.