Yahoo Is Gambling On The Right Mix Of Acquisitions
by Nicholas Kitonyi
Yahoo (YHOO) is taking the bull by the horns in its bid to mount competitive pressure on rival Google (GOOG). The Sunnyvale, CA-based internet search laggard recently acquired social blogging site Tumblr for $1.1 billion, which many people thought to be an overvaluation of David Karp's company. Unconfirmed reports now indicate that Yahoo has also placed a bid for online video streaming company Hulu, where it is likely to face stiff competition from a selection of private equity firms. KKR & Co. (NYSE:KKR) and Silver Lake Management are also said to have placed their offers in what promises to be an interesting bidding war. read more »
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