Private equity firm The Caryle Group took a long look at Yahoo – and it will not be taking a stake, the firm’s media and telecom head, Jim Attwood, told a conference yesterday.Attwood says that any transaction for Yahoo entails stripping out its Asian assets.
Attwood acknowledged that virtually every large PE firm is taking a look at Yahoo, and that there is some appeal in trying to turn around the former high-flier. More broadly, however, he wondered how much value the company really has once you strip out the Yahoo Japan and Alibaba Group positions. I’m paraphrasing here, but he said something to the effect of: “I’m not sure if what’s left would be worth buying.”
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