S&P Capital IQ Reiterates its STRONG BUY Rating on YAHOO

October 21 00:00 2011

New York, October 21 (RainbowNewsLine.com) – Analyst Scott Kessler of S&P Capital IQ reiterates his STRONG BUY rating on the shares of YAHOO (NASDAQ:YHOO).

Analyst Scott Kessler, in a research note published yesterday mentions that WSJ in an unconfirmed report indicates that at least nine private equity firms are going to compete as bidders for Yahoo. Silver Lake is coordinating with Canada Pension Plan Investment Board along with Microsoft to issue a proposal for Yahoo. Earlier, Silver Lake and the CPPIB were investors in Skype, which they sold to Microsoft, the analyst adds. Analyst believes that the more interest in Yahoo would result better performance of Yahoo stock.