This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Yahoo! Rises as AOL, P-E Firms Talk Bid

NEW YORK ( TheStreet) -- AOL (AOL) and several private-equity firms are in preliminary exploratory talks about making an offer to buy Yahoo! (YHOO - Get Report), the Wall Street Journal reports.

Yahoo! shares were rising 15.1% to $17.55 in premarket trading Thursday.

People familiar with the matter told the Journal that the discussions -- involving private-equity firms, AOL executives and financial advisers -- don't yet involve Yahoo! The conversations may not lead to an approach given the complexities in structuring a proposal, the people told the newspaper.

Silver Lake Partners and Blackstone (BX - Get Report) are among the firms that have expressed interest in teaming up with AOL to buy Yahoo! or trying to take it private on their own, the people said, the Journal reports. At least two or three other firms could be interested in participating if a formal buyout proposal is developed.

Spokeswomen for Yahoo! and AOL declined to comment for the newspaper.

AOL has a market capitalization of $2.68 billion, smaller than Yahoo's $20.56 billion market value, the Journal notes.

Bloomberg reports that Yahoo! was working with Goldman Sachs to help defend against possible takeover approaches. Bloomberg cited three people familiar with the matter.

While Yahoo! hasn't received an offer, it has been working with advisers for about two weeks to field any approach, said the people, Bloomberg reports.

-- Written by Joseph Woelfel

>To contact the writer of this article, click here: Joseph Woelfel

>To submit a news tip, send an email to:

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
BX $26.88 -0.59%
YHOO $35.98 -0.08%
AOL $0.00 0.00%
AAPL $95.11 -0.07%
FB $117.58 0.13%


Chart of I:DJI
DOW 17,724.51 -26.40 -0.15%
S&P 500 2,056.47 -6.90 -0.33%
NASDAQ 4,749.7220 -13.5020 -0.28%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs