Report: Yahoo contacted by possible bidders


In this Oct. 14, 2010 photo, the exterior of Yahoo Inc. offices are seen in in Santa Clara, Calif. Yahoo Inc. reports third-quarter financial results Tuesday, Oct. 19, after the close of the market. (AP Photo/Paul Sakuma) (Paul Sakuma/AP)
September 15, 2011

Yahoo has supposedly been contacted by bidders interested in purchasing some or all of the company, the Wall Street Journal reported Thursday. Citing unnamed sources “familar with the matter,” the report said that executives from Silver Lake Partners, a private-equity firm notable for investments in Skype, Seagate and other tech companies, have approached Yahoo with an unspecified deal. According to the report, the two parties have yet to meet.

Analysts have said that Yahoo could sell off parts of its business. Others — including other unnamed Journal sources — have said that a full acquisition may also be in the cards following the company’s dismissal of its colorful top executive, Carol Bartz.

Since Bartz’s firing, Yahoo investor Daniel Loeb has also called for several members of Yahoo’s board, including chairman Roy Bostock to resign as well.

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What’s next for Yahoo?

Yahoo CEO Carol Bartz gets fired by phone, gets real by email

Hayley Tsukayama covers consumer technology for The Washington Post.
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In this Oct. 14, 2010 photo, the exterior of Yahoo Inc. offices are seen in in Santa Clara, Calif. Yahoo Inc. reports third-quarter financial results Tuesday, Oct. 19, after the close of the market. (AP Photo/Paul Sakuma) (Paul Sakuma/AP)
September 15, 2011

Yahoo has supposedly been contacted by bidders interested in purchasing some or all of the company, the Wall Street Journal reported Thursday. Citing unnamed sources “familar with the matter,” the report said that executives from Silver Lake Partners, a private-equity firm notable for investments in Skype, Seagate and other tech companies, have approached Yahoo with an unspecified deal. According to the report, the two parties have yet to meet.

Analysts have said that Yahoo could sell off parts of its business. Others — including other unnamed Journal sources — have said that a full acquisition may also be in the cards following the company’s dismissal of its colorful top executive, Carol Bartz.

Since Bartz’s firing, Yahoo investor Daniel Loeb has also called for several members of Yahoo’s board, including chairman Roy Bostock to resign as well.

Related stories:

More technology coverage from The Post

What’s next for Yahoo?

Yahoo CEO Carol Bartz gets fired by phone, gets real by email

Hayley Tsukayama covers consumer technology for The Washington Post.
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