Thursday, October 20, 2011

CPP to buy Yahoo?

The Canada Pension Plan Investment Board is partnering with Microsoft Corp.and a private equity firm in a possible bid for Yahoo Inc., the Wall Street Journal reports. The Journal is reporting that the offer would involve billions of dollars, with the largest single contribution coming from Microsoft. CPP Investment Board and Silver Lake Partners would also put up money, as would banks. However, the proposal has not been finalized and could still fall through if the parties can’t get all the money together, the Journal said. CPP Investment Board already has a history with Silver Lake and Microsoft, having once invested in Skype, which was purchased this year by Microsoft.The Investment Board is a federal crown corporation tasked with investing Canada Pension Plan’s funds.

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