Yahoo rumored to get aquired by AOL and Private Equity Firms

Oct 14 2010, 5:08am CDT | by Luigi Lugmayr

The Wall Street Journal runs a report saying that AOL is discussing a Yahoo merger with Private-Equity firms. The discussion are still preliminary and might not lead to anything as the merger of AOL and Yahoo is a complicated undertaking.

The report was enough though, to give Yahoo shares a 13% boost in after hour trading. Whether or not AOL and Yahoo together can take on Google and Microsoft is questionable. In 2008 Microsoft wanted to buy Yahoo. It was a turbulent affair with no result, besides that now in 2010 Yahoo Search has been taken over by Bing.

More details on The Wall Street Journal.

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Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.