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Google, PE firms mull bid for Yahoo: report

(Reuters) - Google Inc has spoken to at least two private equity firms about possibly helping them finance a deal to buy Yahoo Inc’s core business, The Wall Street Journal reported on Saturday, citing a person familiar with the matter. Google and prospective partners have held preliminary discussions but have not come up with a formal proposal, and…

‘Multiple parties’ interested in buying Yahoo!

Yahoo! is fielding inquiries from “multiple parties” who have expressed an interest in the struggling Internet company, officials said Friday in a memo sent to employees and obtained by AFP. The board of directors of the Sunnyvale, California-based firm is carrying out a “strategic review” in order to “help return…

Major Yahoo shareholder calls for new board

NEW YORK (Reuters) – Shareholder activist Daniel Loeb has scooped up shares of Yahoo Inc and is demanding that the company overhaul its board, saying the directors have made “serious misjudgments” and “destroyed value” for stockholders. A “reconstituted board with new directors who will bring fresh eyes, relevant industry expertise…

Former CEO says Yahoo ‘f*cked me over’

Former Yahoo CEO Carol Bartz is wasting no time in making public her thoughts about the company that fired her. Less than 24 hours after chairman Roy Bostock let Bartz know that her services would no longer be needed, she was speaking out in an interview with Fortune. “These people…

Facebook doubles first-half revenue

SAN FRANCISCO (Reuters) – Facebook’s revenue doubled to $1.6 billion in 2011′s first half, a source with knowledge of its financials told Reuters, underscoring its appeal to advertisers while it grapples with intensifying competition from the likes of Google Inc. Net income in the first half of 2011 came to…

Yahoo CEO fired over the phone, rocky run ends

SAN FRANCISCO (Reuters) – Yahoo Inc Chairman Roy Bostock fired CEO Carol Bartz over the phone on Tuesday, ending a tumultuous tenure marked by stagnation and a rift with Chinese partner Alibaba. Chief Financial Officer Tim Morse will step in as interim CEO, and the company will search for a…

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