These days Internet is buzzed with the rumors “who is going to buy Yhoo!?”
Ever since Carol Bartz was fired, everyone from Alibaba to AOL to Microsoft seems to be floating some kind of deal to buy or merge Yahoo. The latest rumors swirling around Yahoo is that Google might bankroll a private equity buyout.
If you have not yet read the news, Taiwanese, Next Media Animation created a video to explain you the situation.
Per video description:
Once upon a time, Internet portal Yahoo was one of the hottest properties online. All this changed when the dot com bubble burst.
Founder Jerry Yang turned down an offer from Microsoft. Subsequently, he was booted from his own company.
Carol Bartz, who replaced Yang as CEO, tried to save costs by laying off workers. She didn’t last long in the job herself.
Now there’s a rumor Google is looking to finance a buyout of Yahoo through two private equity firms.
Ali Baba and Microsoft could also be interested in acquiring what’s left of Yahoo. But whoever wins, Google will still dominate the search market.
It’s a circus, and Jerry Yang is the ringmaster. The best part of the video is where Jerry refuses the $44.6 billion gift from Microsoft.
Watch the Yahoo! circus: