Report: AOL, Buyout Firms Mulling Bid for Yahoo

(AP, Sunnyvale)Yahoo’s inability to snap out of a financial funk may be about to turn the Internet company into a takeover target for the second time in less than three years.

That prospect lifted Yahoo’s shares by more than 10 percent in Wednesday’s after-hours trading.

(AP, Sunnyvale)Yahoo’s inability to snap out of a financial funk may be about to turn the Internet company into a takeover target for the second time in less than three years.

That prospect lifted Yahoo’s shares by more than 10 percent in Wednesday’s after-hours trading.

AOL and several firms specializing in corporate buyouts are exploring a joint bid for Yahoo, according to a story posted online late Wednesday by The Wall Street Journal.

The report cited people familiar with the discussions that the newspaper didn’t name. Those people stressed the talks are preliminary and have not involved Yahoo Inc. yet.

Both AOL and Yahoo declined to comment.

Yahoo snubbed a $47.5 billion takeover bid from Microsoft Corp. in May 2008.

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