Mergers and Acquistions News
Categories: Media & Information Services
October 24th 2011, 12:17PM
Google is seriously looking into the possibility of launching a takeover bid for rival firm Yahoo.
Last week (October 20th), the Wall Street Journal reported that Microsoft had held talks with the Canada Pension Plan Investment Board over the prospect of attempting to put together a sufficient sum to acquire the technology organisation.
This would apparently see Microsoft provide several billions of dollars worth of funding towards the deal, with banks then arranging the remaining funds.
However, it has now emerged that Google is interested in rivalling Microsoft in the race to takeover Yahoo along with several private equity groups.
Both Google and Microsoft feel there would be clear benefits to their goal of combining their current business strategy with that held by Yahoo in extending their advertising arms.
The process of finding a suitable party to acquire Yahoo has intensified after the firm's chief executive, Carol Bartz, was sacked from her post last month. 
Related News
Categories
- BPO (32)
- Hardware (118)
- IT Services & Consulting (227)
- Media & Information Services (167)
- Semi-Conductors (77)
- Software (230)
- Telecoms (331)
Archive
- May 2012 (0)
- April 2012 (0)
- March 2012 (0)
- February 2012 (0)
- January 2012 (1)
- December 2011 (20)
- November 2011 (20)
- October 2011 (20)
- September 2011 (20)
- August 2011 (20)
- July 2011 (20)
- June 2011 (21)