∞ Yang May Make Play To Take Yahoo Private
Not sure what private equities could really bring to Yahoo! though
From FoxBusiness.com
Yahoo! (YHOO: 15.84, 0.37, 2.39%) co-founder Jerry Yang is reportedly interested in teaming up with private-equity firms to take the struggling Internet giant private.
The report comes as a flurry of potential suitors examine making a play for Sunnyvale, Calif.-based Yahoo!, which is re-examining its strategic options after firing CEO Carol Bartz last week.
According to Reuters, Yang is considering a deal with private-equity firms to take Yahoo!, which has a $20 billion market cap, off of the public markets. Under this scenario, Yang and co-founder David Filo would need to roll over their stakes in the company, which recently stood at 3.63% and 5.90%, respectively, Reuters reported.
