Jefferies Reiterates Buy on Yahoo as Sale Gets Closer

Jefferies maintains its Buy on Yahoo! Inc. YHOO as the company fields several acquisition offers. Jefferies says, “A group of investors led by PE shop Silver Lake reportedly offered to buy a minority stake in Yahoo! Inc. for about ~$16.60 a share, equal to a 15% voting stake (~$3.1 billion). Additionally, media reports suggest that Alibaba Group is teaming up with Softbank, Blackstone Group and Bain Capital for a bid for the entire company. The group apparently has the financing in place. Microsoft is reportedly in the mêlée as well, but we're not sure of their positioning yet.” YHOO closed at $15.71 per share on Wednesday.
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Posted In: Analyst ColorNewsReiterationM&AAnalyst RatingsAlibaba GroupJefferies & CompanySilver Lake
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