October 25th, Beijing Time -- According to foreign media reports, stimulated by the rumors that Google might contribute funds to assist other companies in acquiring Yahoo!, Yahoo!'s stock price rose by $0.59, with an increase of 3.66%, closing at $16.71 on Monday local time.
The Wall Street Journal cited unnamed sources over the weekend, reporting that Google was in contact with two private equity firms attempting to acquire Yahoo!, providing them partial funding for their acquisition of Yahoo!. However, The Wall Street Journal did not disclose which two companies Google was in contact with.
Google spokesperson Katelin Todhunter-Gerberg stated that the company would not comment on rumors and speculations. Yahoo! did not comment on this matter either.
There are many companies interested in acquiring Yahoo!. Yahoo!'s board is evaluating whether selling the company or hiring a new CEO would be more beneficial. Alibaba is the only company that has publicly declared its intention to acquire Yahoo!, while other potential acquirers include private equity firms KKR & Co., Blackstone Group, Silver Lake Partners, as well as Silicon Valley venture capital firm Andreessen Horowitz. There have been media reports suggesting that Microsoft is considering whether to provide partial funding for Silver Lake's acquisition of Yahoo!.
Since the dismissal of former CEO Carol Bartz, acquisition rumors have driven Yahoo!'s stock price up by nearly 30% cumulatively.
Industry insiders pointed out that Google's dominant position in the internet search market makes it almost impossible for it to participate in the acquisition of Yahoo!. Google's attempt to reach a search advertising cooperation agreement with Yahoo! was opposed by the U.S. Department of Justice, which believed it would reduce the intensity of market competition. The Wall Street Journal emphasized in its report that Google might not get involved in the transaction to acquire Yahoo!.
It remains unclear whether Yahoo! will definitely sell the company. Many shareholders are dissatisfied with the continuous decline in Yahoo!'s revenue amidst the strong growth of the internet advertising market. Yahoo!'s board has not set a timetable for taking the next step.
Despite its poor financial condition, Yahoo! is still an attractive acquisition target because it has an audience base of about 700 million and holds shares in Alibaba and Yahoo! Japan.
Customer Service 360 is a platform that provides online services for businesses, offering assistance for various business applications on the internet and enhancing overall corporate competitiveness. When potential customers visit your website, customer service can initiate invitation conversations through Customer Service 360. Through dialogue access, friendly exchanges, and leaving contact information, Customer Service 360 can enhance and optimize all marketing and after-sales service stages. This allows you to track more sales opportunities with less time, make more accurate marketing strategies, improve after-sales service accuracy, and achieve continuous growth in sales performance.