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Tuesday, Oct 15, 2019

Yahoo stake race in home stretch

Thomas H Lee Partners is interested in buying the US operations of Yahoo, breaking away from other bidders, sources said.

india Updated: Nov 29, 2011 20:30 IST

Reuters
Hindustantimes
         

Thomas H Lee Partners is interested in buying the US operations of Yahoo, breaking away from other bidders, sources said.

THL is hoping to do a leveraged buyout of Yahoo's US business, which could be worth $5 billion to $6 billion, the sources said.

Private equity firms Silver Lake, KKR and TPG are expected to bid for a stake of up to 20% in Yahoo on Monday. Microsoft is helping to finance a possible Silver Lake investment in Yahoo, which has a market value of about $19 billion.

First Published: Nov 29, 2011 20:28 IST

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