Microsoft may make renewed bid for Yahoo after 2008 disappointment
Published 06/10/2011 | 09:21
MICROSOFT is considering a bid for Yahoo, three years after a bid that went horribly wrong.
It joins a queue of companies looking at Yahoo, which has a market value of about $18 billion.
Those companies include Providence Equity Partners, Hellman & Friedman and Silver Lake Partner, Chinese e-commerce giant Alibaba and Russian iinvestment firm DST Global.
Microsoft may look for a partner to go after Yahoo, but no decision has been made and a bid may not happen
There are internal divisions at Microsoft on whether it should try to buy Yahoo again, having already failed in 2008.
Some Microsoft executives believe that such a deal would severely damage AOL as a competitor and create a vibrant web presence.
Others feel that if Microsoft is going to invest billions of dollars, it should be where there is more growth potential.
Microsoft offered to pay as much as $47.5 billion or $33 a share, in 2008..
Yahoo, Microsoft and the other potential buyers declined to comment.
Any auction process for Yahoo is still in the early stages.
Goldman Sachs and Allen & Co Yahoo’s financial advisers, are preparing to send financial information to potential bidders.