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Yahoo Is Contacted by Potential Bidders: Report

Yahoo has been contacted by potential bidders, including private equity firm Silver Lake, for part or all of the Internet company, the Wall Street Journal reported Thursday, quoting unnamed sources.

The exterior of Yahoo! corporate headquarters in Santa Clara, California.
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The exterior of Yahoo! corporate headquarters in Santa Clara, California.

Yahoo hasn't met with Silver Lake, the newspaper reported. Representatives of both companies wouldn't comment on the report.

According to the report, some private-equity firms that are considering whether to pursue a deal for Yahoo have privately indicated they wouldn’t make a play for the company unless its Asian assets were sold, making Yahoo smaller and easier to purchase.

The newspaper reported that at a regularly-scheduled board meeting on Wednesday, Yahoo directors discussed the company’s internal operations under interim Chief Executive Tim Morse, who replaced Carol Bartz last week after she was fired by independent directors.

No major decisions were made about the future of the company at the board meeting, the newspaper said, quoting a person familiar with the matter. Board members also have discussed the possibility of shifting the company’s investor base or making strategic acquisitions, one person said.