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Thread: Yahoo surges on report AOL wants to buy itya

  1. #1
    Join Date
    Aug 2010
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    Default Yahoo surges on report AOL wants to buy itya

    NEW YORK (CNNMoney.com) -- Yahoo's stock price surged in early trading Thursday on reports that rival Internet portal AOL is considering a takeover of the company, with some help by private equity firms.

    Yahoo (YHOO, Fortune 500) stock soared 6% on the report by the Wall Street Journal, which cited "people familiar with the matter." They held some of their gains throughout the day, ending trading up 4.5%, at $15.93.

    The report said that Silver Lake Partners and Blackstone Group LP are among the private equity firms that are considering a purchase of Yahoo.

    AOL (AOL) would need help with the financing, as its market capitalization of $2.68 billion is about one-ninth the size of Yahoo's market cap of $20.56 billion. Gathering a group to finance the deal would be tricky, but not impossible.

  2. #2
    Join Date
    Aug 2010
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    108

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    Now how would this work? Right now AOL Search is powered by Google.

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