Software king of the world Microsoft is chatting to equity firms considering bids for Yahoo.
Apparently Vole might be willing to offer “significant financing” for their efforts. It is all up in the air at the moment as Microsoft is still chatting to the right people.
Microsoft’s partnerships and acquisition strategy head Peggy Johnson is also part of the effort to finance a possible Yahoo buyer.
Microsoft does not want to buy Yahoo, however it does want a good relationship with Yahoo’s buyer – after all it has a lot ofits business tied up in the outfit.
Yahoo launched an auction of its core business in February after it shelved plans to spin off its stake in Chinese e-commerce giant Alibaba Group.
In an interview with Reuters in February, Yahoo Chief Executive Officer Marissa Mayer said the company will entertain offers as they come but its first priority is a turnaround plan.
Yahoo faces increasing pressure from shareholders and investors to sell its core business instead of going through a spinoff that would separate the company from its multibillion-dollar stakes in Yahoo Japan and Alibaba Group
Activist hedge fund Starboard Value on Thursday said it would nominate nine candidates for the board in an attempt to overthrow the entire board of Yahoo including its chief executive.
Starboard has been pushing for changes at Yahoo since 2014 and owns about 1.7 percent of the company.