Business: According to the latest leaks, Yahoo would have retained a dozen potential candidates to buy back its activities. Only listed companies or investment funds might perform the operation individually and in cash.
Yahoo bidders Shortlisted
Although there is still no official names to put on the potential Yahoo acquirers, things seem clear.According to the latest information from Reuters , a list of ten candidates have been arrested. Common between them, they would be likely to complete the transaction in cash and without the need to ally with another company. This would exclude Time Inc. and the Daily Mail who sought to create a financial arrangement with a private equity firm in order to submit a tender.
Reuters cites the names of TPG Capital investment fund and that of the operator Verizon in this list of suitors. The operator, owner of AOL, seems to hold the rope to take the bet.
Earlier this week, Yahoo said that activist hedge fund Starboard Chief Executive Jeffrey Smith and three independent directors associated with him would join its board immediately. A truce with Smith, its most vocal activist investor, helps Yahoo clear the way for the auction of its core businesses, analysts said.