Silver Lake, Alibaba, Digital Sky in Talks of Buying Yahoo
October 12, 2011
Yahoo has been flailing around the internet ever since Google set anchor: this is no new news. The slight possibility for Yahoo to become a multinational corporation places the company in the media with Bloomberg’s article, “Silver Lake Said to Discuss Yahoo Deal with China’s Alibaba, Digital Sky.”
The private-equity firm Silver Lake in addition to China’s Alibaba Group and Russia’s Digital Sky Technologies are reportedly considering a joint bid for Yahoo.
We learned about the potential opposition to this deal from the article:
Regulators may oppose foreign ownership of a company such as Yahoo, which plays a crucial role in U.S. communications through the delivery of e-mail and instant messaging. The company also serves as the second-largest U.S. search engine, through a partnership with Microsoft Corp. (MSFT) The deal would face tax implications as well because of Yahoo’s stakes in Alibaba and Yahoo Japan Corp. (4689), one person said.
The whole deal is very much up in the air at this point. After the recent firing of CEO Carol Burtz last month, Yahoo plans on evaluating their current plan.
Additionally, it has been reported that the group is not even certain if they will make a bid.
Alibaba Chairman Jack Ma sees it in his best interest to buy Yahoo because Yahoo currently has a 40% stake in Alibaba. It would be interesting to hear about the motivations from the other two companies.
Megan Feil, October 12, 2011
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