Mi­crosoft meets with pri­vate eq­uity firms over Ya­hoo deal

The Pak Banker - - COMPANIES/BOSS -

Mi­crosoft Corp ex­ec­u­tives are in early talks with po­ten­tial Ya­hoo Inc in­vestors about con­tribut­ing to fi­nanc­ing to buy the trou­bled In­ter­net com­pany, a per­son familiar with the situation said.

The talks are pre­lim­i­nary, the per­son added, and Mi­crosoft is fo­cused on pre­serv­ing the re­la­tion­ship be­tween the two com­pa­nies. Mi­crosoft and Ya­hoo have long­stand­ing search and ad­ver­tis­ing agree­ments.

Pri­vate eq­uity firms in­ter­ested in Ya­hoo ap­proached Mi­crosoft, the per­son added. Mi­crosoft de­clined to com­ment.

Ya­hoo is auc­tion­ing its core In­ter­net busi­ness, which in­cludes search, mail and news sites. The faded In­ter­net pi­o­neer has been strug­gling to keep up with Al­pha­bet Inc's Google and Face­book Inc in the bat­tle for on­line ad­ver­tis­ers.

Ver­i­zon's chief fi­nan­cial of­fi­cer Fran Shammo said in De­cem­ber that the US wire­less car­rier could look at buy­ing Ya­hoo's core busi­ness if it was a good fit.

Ac­tivist hedge fund Star­board Value LP moved on Thurs­day to over­throw the en­tire board of Ya­hoo, in­clud­ing chief ex­ec­u­tive Marissa Mayer, who has strug­gled to turn the com­pany around in her nearly four years at the helm.

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