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Yahoo Co-Founder May Take Company Private

Oct 10, 2011  •  Post A Comment

Yahoo co-founder Jerry Yang is reportedly interested in a private equity deal that would take the company private, reports Reuters.

The deal would involve rolling over Yang’s investment in Yahoo, which was at 3.63% of the company’s shares as of April 2, the piece notes. David Filo, the company’s other co-founder, would likely follow Yang’s lead, the story notes. Filo controlled 5.9% of the company’s shares as of May 11, the piece adds.

According to the story, Yang started showing up on a daily basis at the company’s Sunnyvale, Calif., offices about six months ago.

Yahoo declined to talk about Yang’s role, other to say that the co-founder is "in support of the comprehensive scope of the ongoing strategic review," the story says.

 

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