Yahoo Up; Forbes Columnist Again Speculates On Possible Sale

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Yahoo! Inc.
YHOO
gained more than 3 percent Wednesday after a Forbes.com opinion writer speculated the company may be acquired by Alibaba or Softbank Corp. http://www.forbes.com/sites/ericjackson/2014/07/23/is-alibaba-or-softbank-about-to-buy-yahoo/ The same writer, Eric Jackson, on Monday said Yahoo could be acquired by Facebook Inc.
FB
, Apple (NASDAQ AAPL), Microsoft Corp.
MSFT
or Google Inc.
GOOGL
. http://www.forbes.com/sites/ericjackson/2014/07/21/the-case-for-apple-facebook-microsoft-or-google-buying-yahoo-now/ Jackson has a long position in Yahoo. Either Softbank or Alibaba would realize tax advantages in acquiring Yahoo, and use cash from Yahoo's balance sheet to complete the deal, Jackson said. Alibaba would likely sell Yahoo's core business. "I suspect they would be concerned that US politicians would object to a big Chinese company having access to Americans' emails," Jackson said. Softbank might retain the core business. "Recall that Nikesh Arora just left Google to become Vice Chairman of SoftBank and help build out their US Internet operations" Jackson wrote "That's the same Arora who tried to get Google to buy Yahoo." Yahoo traded recently at $34.67, up 3.2 percent.
Posted In: NewsRumorsIntraday Update
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