Goldman Tapped in Yahoo! Bid

It looks like Goldman Sachs could be doing some more defensive work for Yahoo!.
Publish date:



) -- It looks as though

Goldman Sachs

(GS) - Get Report

could be doing more defensive work for



Yahoo! has hired Goldman to defend itself against possible take over approaches by AOL Inc. and private-equity funds including Silver Lake, according to a report by



Yahoo!'s stock was up 60 cents at $15.85 on the rumors earlier Thursday.

This wouldn't be the first time Goldman has rebuffed offers to take over Yahoo! Goldman bankers Jon Woodruff and Gene Tiger Sykes helped the company in 2008 when activist Carl Icahn launched a proxy fight in favor of


(MSFT) - Get Report

$47.5 billion takeover bid in 2008. At the time, shareholders considered the bid undervalued.

Yahoo! has a long history of working with Goldman Sachs for acquisitions as well, according to



Will Yahoo! be acquired this time around? It would likely be a difficult deal. For more

read the latest story on The Street


"A large percentage of the shareholders are on the board so this isn't a company that can be takenover or pushed around," said Jones Day's Bob Profusek.

--Written by Maria Woehr in New York.

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