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Yahoo! Reportedly Preparing Financial Information for Potential Buyers

It has come to light that Yahoo! might be getting itself ready for a possible takeover as investors are prepping to give potential buyers, financial information about the company.

Long time advisers of Yahoo Inc., Goldman Sachs Group Inc. and Allen & Co. are ready to give potential buyers like equity firms and other potential bidders and partners financial information related to the company.

Reports are floating around that company like Alibaba and investment firms Silver Lake and Digital Sky technologies are said to be discussing a joint bid for the Internet giant Yahoo! which is facing troubles off lately.

The source further mentioned that "Almost everyone on the street has some angle they are trying to play."

Jack Ma, CEO of Alibaba, mentioned that Alibaba is ‘very interested’ in buying the Internet giant while addressing audiences in Stanford University. However, he has not made any formal attempt to enter into any deal with the company reports Reuters (opens in new tab).

To decide the future of the company it is predicted that the decision making body will take its own time. Regarding this matter, Yahoo! commented that to conduct a long-term “strategic review” it has retained Allen & Co for help.

Ravi Mandalia

Ravi Mandalla was ITProPortal's Sub Editor (and a contributing writer) for two years from 2011. Based in Ahmedabad, India, Ravi is now the owner and founder of Parity Media Pvt. Ltd., a news and media company, which specializes in online publishing, technology news and analysis, reviews, web site traffic growth, web site UI. Ravi lists his specialist subjects as: Enterprise, IT, Technology, Gadgets, Business, High Net Worth Individuals, Online Publishing, Advertising, Marketing, Social Media, News, Reviews, Audio, Video, and Multi-Media. He has also previously worked as Dy. Manager - IT Security at (n)Code Solutions.