Navigate this market better. Subscribe for FREE stock alerts and information.

Thursday, October 14, 2010

Yahoo! Soaring in Pre-market on Buyout Rumors

Shares of Yahoo! soared in after-hours trading on Wednesday and continue to be strong in pre-market Thursday morning as rumors emerged that a number of equity firms are looking to buyout the company. The Wall Street Journal reported that AOL and a number of private equity firms have expressed interest in Yahoo!. Such firms include Silver Lake Partners and the Blackstone Group. Although this is still just a rumor, YHOO's stock seems to tell a different story.

Yahoo! Inc. is an online media company. The company provides online properties and services as well as media content to its users.