Alibaba Group Reportedly Interested In Acquiring Yahoo!
The reports said that Alibaba Group joins private equity firms like Silver Lake and media director Peter Chernin as possible suitors for Yahoo.
Meanwhile, the board of Yahoo to put a higher priority in evaluating a possible sale of all or part of the company's Internet search for a new CEO, reports citing people familiar with the matter.
Last month, Yahoo said its board has taken Carol Bartz of his role as CEO of the Company with immediate effect. The Internet giant Sunnyvale, California-based financial manager appointed Timothy Morse as interim CEO while it launches a search for a permanent CEO.
YHOO closed regular trading Friday at $ 13.17, down $ 0.25, or 1.86%. But in after-hours trading, shares were $ 0.40, or 3.04%.
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| Alibaba Group Reportedly Interested In Acquiring Yahoo! |
Meanwhile, the board of Yahoo to put a higher priority in evaluating a possible sale of all or part of the company's Internet search for a new CEO, reports citing people familiar with the matter.
Last month, Yahoo said its board has taken Carol Bartz of his role as CEO of the Company with immediate effect. The Internet giant Sunnyvale, California-based financial manager appointed Timothy Morse as interim CEO while it launches a search for a permanent CEO.
YHOO closed regular trading Friday at $ 13.17, down $ 0.25, or 1.86%. But in after-hours trading, shares were $ 0.40, or 3.04%.
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