Microsoft considering bid for Yahoo: report
The Yahoo logo is seen on a sign outside of the Yahoo Sunnyvale campus January 22, 2008 in Sunnyvale, California.
Microsoft is considering a bid for Yahoo, Reuters reports.
Sources "close to the situation" told Reuters that Microsoft has reemerged as a potential buyer after an unsuccessful attempt to takeover the company in 2008.
No decision has been made and a bid might not materialize as there are internal divisions at the software company on whether it should pursue Yahoo again, a high-ranking Microsoft executive said.
According to Reuters, other potential buyers include Providence Equity Partners, Hellman & Friedman, Silver Lake Partners, the Chinese e-commerce giant Alibaba and Russian technology investment firm DST Global.
Yahoo's board fired chief executive Carol Bartz in early September, reportedly for lack of turnaround at the company. Bartz later fired back by calling the board "doofuses" in an interview, telling Fortune magazine that "these people fucked me over."
Reuters reports that shortly after ousting Bartz, Yahoo said it had received "inbound interest" from other parties, and was considering strategic alternatives, even as it searches for a new CEO.
On Monday, Yahoo announced a partnership with ABC News.
"Yahoo!, the premier digital media company, and ABC News today announced they will join forces to launch a strategic online news alliance that will deliver content to more than 100 million U.S. users each month," the company said in a statement.
ABC News stars including Barbara Walters, Diane Sawyer, Katie Couric, Christiane Amanpour, Robin Roberts, Terry Moran, Cynthia McFadden and Bill Weir were all present at a news conference announcing the deal Monday, Yahoo's Cutline blog reports.
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