Private equity firms including KKR and TPG Capital are looking to potentially purchase minority stakes of up to 20 percent in Yahoo Inc with an eye to eventually taking over the whole company, people with knowledge of the situation said.These takeover firms have signed confidentiality agreements with Yahoo and could be willing to team up with its co-founders Jerry Yang and David Filo, who together own 9.5 percent of the Internet company, according to the sources.Acquiring a minority stake could give the buyout firms an advantage in taking full control once the leverage finance market opens up, and also provide them with the potential for representation on Yahoo's board, the sources said.Another group of firms, including Blackstone Group, Providence Equity, Bain Capital and Hellman & Friedman have held out against signing nondisclosure agreements that would restrict their ability to form consortiums with strategic partners such as China's Alibaba Group or Japan's Softbank Corp, they said.
The Blackstone Group L.P. (Blackstone) is a manager of private capital and provider of financial advisory services. Shares of BX traded higher by 2.26% or $0.3/share to $13.59. In the past year, the shares have traded as low as $10.51 and as high as $19.63. On average, 4293560 shares of BX exchange hands on a given day and today's volume is recorded at 2556845.
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