Sunday, November 6, 2011

Yahoo to Become PEU-Hoo?

Reuters reported a mix of private equity underwriters and tech giants could pull a threesome with Yahoo! 

Other private equity firms interested in Yahoo include KKR, TPG Capital and Carlyle Group. Sources would not confirm if any of them had signed the confidentiality agreement, though a second person familiar with the situation said those three firms and Providence are "among the hottest firms" involved in the process. The New York Times reported late Thursday night that TPG had indeed signed the agreement.

Strategic parties including Alibaba, Microsoft Corp and Google, have also taken part in the still-developing discussions surrounding Yahoo, sources have said.

Private equity firms have indicated a willingness to commit around $1 billion in equity as part of a transaction, according to several people familiar with the matter.
Goldman Sachs is running the "comprehensive strategic review."  Why not sell to a virtual nonprofit like The Carlyle Group, whose charitable mission is greed?  Give a shout out for PEU-Hoo in our PEUniverse.