Mergers and Acquistions News
Categories: Media & Information Services
November 24th 2011, 15:15PM
The potential acquisition of Yahoo by Microsoft may have moved a step closer, it has been reported.
A source close to the matter has told Reuters that Microsoft has now put pen to paper on a confidentiality agreement with the California-based internet firm that will permit it to analyse its business.
This process will involve the company being allowed access to Yahoo's books to analyse whether or not it wishes to structure a deal to complete a takeover.
Last month, there was speculation over the future of Yahoo as it emerged that both Google and Microsoft were mulling over the possibility of expanding their internet market share through purchasing the organisation in a multi-billion dollar deal.
But it appears that Microsoft has now moved to the front of the queue, while private equity firms TPG Capital and KKR have also signed confidentiality agreements with Yahoo.
However, both organisations declined to comment on these remarks. 
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