Feeds

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

Ailing web firm looks to avoid investor consult

Top 5 reasons to deploy VMware with Tegile

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. ®

Beginner's guide to SSL certificates

More from The Register

next story
It's Big, it's Blue... it's simply FABLESS! IBM's chip-free future
Or why the reversal of globalisation ain't gonna 'appen
IBM storage revenues sink: 'We are disappointed,' says CEO
Time to put the storage biz up for sale?
'Hmm, why CAN'T I run a water pipe through that rack of media servers?'
Leaving Las Vegas for Armenia kludging and Dubai dune bashing
Microsoft and Dell’s cloud in a box: Instant Azure for the data centre
A less painful way to run Microsoft’s private cloud
Facebook slurps 'paste sites' for STOLEN passwords, sprinkles on hash and salt
Zuck's ad empire DOESN'T see details in plain text. Phew!
Windows 10: Forget Cloudobile, put Security and Privacy First
But - dammit - It would be insane to say 'don't collect, because NSA'
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.