Yahoo shares up on report that Alibaba is preparing bid

[Archean]

Shares in Yahoo rose on reports that China's Alibaba Group was preparing a takeover bid with private equity firms Blackstone and Bain Capital. Yahoo shares ended Thursday trading on the Nasdaq tech exchange 3.3% higher, having been 4.8% up at one point.

Unconfirmed reports said the consortium may pay up to $20 per share - well above Thursday's close of $16.23 - valuing Yahoo at $25bn (£16bn).

 

[captaincranky]

$25,000,000,000.00, how is that even possible? Yahoo is well behind even Bing in usable search results, let alone Google. I knew that billions was the new millions, but I didn't think it qualified as the new thousands.......at least until now.