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Egads! Could News Corp. be Yahoo!'s white knight?

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Published February 4, 2008 at 5:07 PM

msftyahoo.pngNews Corp., which by itself couldn't outbid Microsoft Corp. for Yahoo! Inc., reportedly may be putting together a "syndicate" with unnamed private equity firms to make a white-knight bid to save it from Microsoft's $44 billion bear hug, according to Tech Crunch citing unnamed sources. Tech Crunch linked to an earlier item at Silicon Alley Insider that suggests Silver Lake and Steven Ratner's Quadrangle Group may be two PE firms interested in a Yahoo! bid. However, there are a lot of problems with these suggestions.

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Also on Dealscape

For starters, Silver Lake managing director John Joyce told an audience last week at the Dow Jones Private Equity Analyst Conference that the firm has sworn off large buyouts in the $20 billion to $30 billion range, according to The Deal's Luisa Beltran. If Silver Lake isn't on board, then would Quadrangle really give News Corp. the extra firepower to take on Microsoft? Not likely, and Silicon Alley Insider even admitted as much in a follow-up post that Tech Crunch failed to highlight. - Matthew Wurtzel

See post from Tech Crunch
See post about PE firms from Silicon Alley Insider
See follow up post about PE firms from Silicon Alley Insider
See Dealscape's full coverage of Microsoft/Yahoo!



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