Yahoo Not In Takeover Talks With Private Equity Firms

Yahoo has not been approached by any private equity firm or other financial institutions concerning an acquisition.

According to The Wall Street Journal, a source close to Yahoo has said that the company was not in talks with, nor it has been approached by any private equity firm, despite the rumours that KKR & Co. has joined a group of web giants and investment houses planning to buy-out Yahoo.

Yahoo has so far kept quite on the subject of a proposed acquisition, but the company's have risen by 3.2 per cent in Nasdaq trading, Bloomberg reports.

Another rumour suggests that Alibaba Group Holding, a company in which Yahoo has 40 per cent stake, has been approached by private equity firms to get on board to acquire Yahoo.

Online content company AOL, which is struggling to revive its market and financial position, is also said to be preparing to takeover Yahoo. The company has reportedly hired a team of financial advisers to assist in the acquisition bid.