Thursday, 14 October 2010 at 10:08, Reuters, New York
Several private equity firms have reached out in recent weeks to Internet and media companies including News Corp and AOL Inc to gauge their interest in buying out Yahoo Inc, a source with knowledge of the approaches told Reuters on Wednesday. A potential deal, however, would be contingent on Yahoo selling its Asian assets, including a 40 per cent stake in China's Alibaba, the source said on condition of anonymity. Such a sale would help reduce Yahoo's market value of more than $20 billion now, making a deal more feasible. Yahoo had not been approached about a potential deal, the source added.
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