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
Prosecutors deserve better

These legal professionals, who are entrusted with upholding the rule of law, face numerous challenges that compromise their ability to effectively carry out their duties.Elsewhere in this edition, we carry a story on the lamentations of the officers of court.The prosecutors have raised a number of concerns, calling for urgent attention from all relevant stakeholders, including the President, Minister of Justice and the Attorney General. Their...

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