Canada Pension Plan Investment Board Considers Bid For Yahoo
Since making a nice profit off its investment in VOIP service Skype, Canada Pension Plan Investment Board (CIPP) is now said to be considering being part of a group that is considering a takeover bid for Yahoo as the company continues to go through its struggles. One of members of the group is Silver Lake Management LLC, a U.S. private-equity firm that CIPP has partnered with before. Yahoo management publicly said its is up for sale since the firing of Former-CEO Carol Bartz back in September of this year, and we have seen all types of rumours of possible companies interested in the assets of Yahoo.
Over all it looks like Yahoo’s days on their own are done, and something drastic needs, aside from a much needed management refresh.
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