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14 Oct 2010
Shares in Yahoo have risen sharply after widespread reports of a potential acquisition of the company.
A report in The Wall Street Journal names media giants like News Corp and AOL as being in the running.
Other likely investors include money firms and venture capitalists, according to a wide range of reports.
The Wall Street Journal claims to have spoken with people close to making a deal, and said that there was a possibility that investors Silver Lake Partners and Blackstone Group LP could team up with AOL to unite the two online powerhouses.
Firming up these suggestions, another source reported that AOL boss Tim Armstrong had privately touted the idea of a purchase, possibly as part of an attempt to claw back business from Google.
However, the paper added that the talks are at a very early stage, and that Yahoo had not been involved in discussions.
Shares in Yahoo jumped by 14 per cent as the story broke.
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