Server Hangup: Yahoo Down Amid AOL Buyout Rumor
Two years ago it was reported that Microsoft had put in an unsuccessful bid to buy out Yahoo, and since the shares have risen by nine point five per cent recently, it is no surprise that private equity companies are now trying to do the same thing. It was reported this week that media and internet companies such as AOL have been approached to see if they would be interested in buying out Yahoo. However, Yahoo is currently worth over twenty billion dollars, so it is certainly something that would need careful consideration by whichever company takes the deal further.
At the moment, Yahoo employ over thirteen thousand, six hundred people. According to sources, talks about companies buying out Yahoo have been going on for months, but they have suddenly become a lot more intense. Although they are getting more and more intense, no official approach has been made to Yahoo as of yet.
Although Yahoo is incredibly successful, it is second in place to Google as most people are aware. Of course, a company like AOL could hugely benefit from buying out a company like Yahoo, as it provides a lot of great opportunities. For example, it could allow them to expand to a whole new level. It is expected that more details of any deals to come will emerge as soon as they are announced, but it is doubtful that this will be a quick process considering the scale of the companies in question.
In related news with all the media attention that Yahoo.com has been getting because of the potential turnover the site went down earlier in the day.
Millions of users took Twitter to share their anger saying things like -they can not access yahoo.com mail -they are getting error and “Server Hangup” messages and that yahoo.com sign in is out of service.*Sponsored Links*