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Wednesday, 5 October 2011 - Yahoo readies books for potential buyers: sources |
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Apple rejects Samsung offer to end tablet row in Australia Video: Samsung a threat to Apple's iPhone - but not yet Follow Reuters Facebook Twitter RSS YouTube Read Cleared on appeal, Amanda Knox returns home to Seattle | 04 Oct 2011 Fox says can't afford more "Simpsons" without cuts | 04 Oct 2011 Hank Williams Jr. apologies - again for comments 04 Oct 2011 Controversial "Playboy Club" first victim of TV season 04 Oct 2011 New Apple iPhone fails to wow investors, fans | 04 Oct 2011 Discussed 345 Exclusive: Democrats push tax hikes first in deficit talks 222 About 400 arrested in Wall Street protest 123 Senate takes first step on China yuan bill Watched Universe speeding up discovery wins Nobel Physics Tue, Oct 4 2011 Knox arrives in Seattle, says "thank you" Tue, Oct 4 2011 New iPhone fails to impress Tue, Oct 4 2011 Yahoo readies books for potential buyers: sources Tweet Share this Email Print Related News Yahoo readies books for potential buyers -sources Tue, Oct 4 2011 Alibaba's Ma: "very interested" in buying Yahoo Sat, Oct 1 2011 Alibaba.com boosted by private equity investment Fri, Sep 23 2011 Hulu sale at risk even as new bids are due Fri, Sep 16 2011 Groupon IPO back on track: report Thu, Sep 15 2011 Analysis & Opinion The 99% Counterparties Related Topics Technology » Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » Inflows Outflows » Media » The Yahoo! offices are pictured in Santa Monica, California April 18, 2011. Yahoo! will report its quarterly results on Tuesday. Credit: Reuters/Mario Anzuoni By Nadia Damouni Wed Oct 5, 2011 2:12am EDT (Reuters) - Yahoo Inc's long-time advisers Goldman Sachs Group Inc and Allen & Co are preparing to give potential buyers financial information, in a sign the troubled Internet giant is ready to put itself on the block, sources close to the situation said. Over the last few weeks, potential buyers including large technology and media companies, private equity and international companies have proposed many different options regarding Yahoo's various businesses, one of the sources said. "Almost everyone on the street has some angle they are trying to play," the source said. Jack Ma, the founder and CEO of Chinese e-commerce giant Alibaba, told an audience at Stanford University that he would be "very interested" in buying the entire Yahoo. The executive, who was speaking at the China 2.0 conference, said he had not visited Yahoo to discuss a deal since he arrived in the United States 15 days ago. The struggling company is expected to take months to decide its future. Yahoo announced it had retained Allen & Co to help it conduct a long-term "strategic review." Private equity firm Silver Lake Partners is among the parties that have been in touch with Allen & Co, according to a source familiar with the matter. A Silver Lake spokesman declined to comment. In a memo to employees last month, Yahoo executives said its advisers were "fielding inquiries from multiple parties that have already expressed interest in a number of potential options." Goldman and Yahoo declined to comment. Allen & Co was not immediately available for comment. (Reporting by Nadia Damouni in New York and Alexei Oreskovic in San Francisco; Editing by Gary Hill and Richard Chang) Technology Deals Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Global Deals Review Inflows Outflows Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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