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BREAKING NEWS
Cristian Espinosa was appointed Ambassador of Ecuador to the United States
Daniel Noboa receives the credentials of the new United States ambassador
40,000 women will receive scholarships in higher education
Julian Assange released from prison, after agreement with the United States
Armed Forces: Criminal gangs have lost USD 1.2 billion due to military operations in Ecuador
Minister of Defense: “It is not fair that some risk their lives, while others play with justice”
How can green banana flour enhance baked goods?
“I’m crazy for wanting to serve my country,” says Daniel Noboa at the presentation of “La Cárcel del Encuentro” in Santa Elena
Construction of the Encuentro maximum-security prison in Santa Elena begins
National blackout in Ecuador due to transmission line failure, confirms the Government

AOL and Others Aim to Buy Yahoo

Posted On 14 Oct 2010

AOL Inc., and other companies are teaming up to buy Yahoo Inc., The Wall Street Journal has reported. According to WSJ, “a bold plan to marry two big Internet brands facing steep challenges” is being built.

The private-equity firms who want to buy the company are Silver Lake Partners and Blackstone Group LP. AOL and these companies are currently in preliminary discussions to negotiate with Yahoo. The executives and financial advisers of these companies have not contact Yahoo at the moment according to WSJ. At least two or three other firms could also interested once the proposal is made. Several scenarios are being discussed to build the negotiation plan with Yahoo, one of them includes the possibility of merging AOL with Yahoo.

AOL however, has a market capitalization that is far smaller than Yahoo’s. AOL has a market value of $2.68 billion while Yahoo has a significant higher $20.56 billion. Yahoo had one of the best performances in the stock market on Wednesday, when the stock traded 49,6 million shares in the regular session, compared with an average of 17 million shares a day they have had this month.

AOL recently acquired tech blog TechCrunch, app maker Things Labs and video network 5min.

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