October 14, 2010
The Wall Street Journal is reporting that AOL and a couple of different firms are exploring the idea of purchasing Yahoo. The purchase would bulk up AOL’s advertising offer but would also lead to redundancies within the company which would need to be purged before they could move forward together as Aolhoo! My biggest concern about the whole thing is my beloved Flickr photos, I had better start backing those up as soon as possible and stashing them under my mattress.
AOL Inc. and several private-equity firms are exploring making an offer to buy Yahoo Inc., according to people familiar with the matter, devising a bold plan to marry two big Internet brands facing steep challenges.
Silver Lake Partners and Blackstone Group LP are among the firms that have expressed interest in teaming up with AOL to buy Yahoo or trying to take it private on their own, these people said. They added that at least two or three other firms could be interested in participating if a formal buyout proposal is drawn up.
Separately, AOL Chief Executive Tim Armstrong has also talked privately about the idea that Yahoo could buy AOL, according to a person familiar with the matter.
Spokeswomen for Yahoo and AOL declined to comment.
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