Yahoo shares rise 5% amid rumours of private equity bid

NEW YORK - Yahoo shares have risen sharply amid rumours that it is about to be bought.

Its shares jumped almost 6% to $17.60 at the start of trading in New York, before dropping back to end 2.2% ahead. Unconfirmed media reports have claimed that a number of investment firms are preparing a deal that would take Yahoo private.

E-commerce firm Alibaba declined to comment on reports that its chairman had been approached to head a takeover of Yahoo.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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