S&P Maintains its BUY Rating on Yahoo

October 11 00:00 2011

NEW YORK, October 11 (RainbowNewsLine.com) – Analyst Scott Kessler of S&P Equity Research maintains his BUY rating on the shares of Yahoo (NASDAQ: YHOO).

Analyst Scott Kessler, in a research note published yesterday, mentions that in an unconfirmed report Bloomberg has indicated that Alibaba group is in talks with the world’s best-known sovereign wealth funds based in Singapore, ‘Temasek’ to acquire Yahoo.  The matter of discussion is about providing finance to Alibaba group to buy back 43% stake owned by Yahoo. He has also mentioned the relevance of Temasek’s interest in Alibaba group as it owns a stake in it. In addition, in an unconfirmed story by Reuters, multiple private equity firms like Silver lake, Providence Equity, Hellman & Friedman, and many more are gearing to bid for Yahoo. The analyst believes that more the potential bidders participate to buy some or full of Yahoo, the better will be for the Yahoo stock.