AOL, Equity Firms Exploring Bid for Yahoo

AP Photo

Yahoo Inc. could be bought by AOL Inc. and several private equity firms if a reported proposal possibility is actually carried out and approved.

Discussions about a formal buyout proposal include the firms, AOL executives and financial advisers but don't yet include Yahoo, The Wall Street Journal reported on its website ($) Wednesday night.

The newspaper named two firms -- Silver Lake Partners and Blackstone Group LP -- that "have expressed interest" in partnering with AOL to buy Yahoo or take the company private. People familiar with the proposal discussions told the Journal that at least two other firms might also express an interest in joining in; however, those sources emphasized that the possibility could fizzle out before Yahoo is even approached for a deal.

The newspaper contacted spokeswomen for AOL and Yahoo. They declined to comment. Blackstone also declined to comment. Silver Lake couldn't be reached for comment on the story.

[ppaulville]

Just shows how utterly stupid Jerry Yang was for turning down Microsoft's $47 billion offer three years ago. Not to mention how utterly stupid Microsoft was for making such a ridiculous offer. Makes you marvel at how lucky (rather than good) are the idiots who are in charge of two formerly great companies.