Sunday, October 23, 2011

PEU Google on Yahoo Deal?

RTT News reported Google may join private equity underwriters (PEUs) bidding on Yahoo.  With over $42 billion in cash, Google might finance part of a PEU deal.  The article highlighted private equity firms in the Yahoo mix:

Silver Lake Partners, Blackstone Group (BX), TPG Capital, KKR & Co. (KKR), Bain Capital, Carlyle Group, Hellman & Friedman, Providence Equity Partners and Warburg Pincus are among the several private equity firms that are said to be considering buyout offers for Yahoo.

Microsoft may team up with Silver Lake and a Canadian pension fund for a Yahoo bid. Does this mean tech firms are the new banks?  How does that impact Dodd-Frank?  It's a dark, squirrely PEU world.