AOL plans to buy Yahoo

Friday, October 15, 2010

AOL plans to buy Yahoo

Reports have started filtering in that AOL has begun negotiations to buy Yahoo.

Though, the current value of Yahoo is far more than AOL could cough up, still the firm has been trying to rope in private firms to add enough money in their kitty.

The reports of AOL deciding for a Yahoo buyout have had a strong impact on the stock market. The shares have shot up to 6% gains in the aftermath of the reports.

AOL had begun talks with the interested parties, Silver Lake and Blackstone, to part fund the initiative for a Yahoo buyout.

However, it remains to be seen, if such a merger does get into effect. It is highly unlikely that yahoo would seek any merger as of now.

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