M & A wrap: Yahoo on the block?

October 5, 2011

Yahoo’s long-time advisers Goldman Sachs and Allen & Co are preparing to give potential buyers financial information, in a sign the troubled Internet giant is ready to put itself on the block, sources said.

Australian coalminer New Hope Corp put itself up for auction after receiving several bid approaches, sending its market value surging 15 percent to almost A$5.1 billion.

Executives at Research in Motion have refrained from buying the company’s shares for the longest period in at least six years; investors are wondering if RIM is skittish about its own prospects, Bloomberg reports.

Investors unimpressed by Hewlett-Packard’s dysfunctional governance have sold off its shares, leaving the tech company vulnerable to a bid. And Larry Ellison’s acquisitive Oracle is a credible potential suitor. At least financially, a deal would stack up. A Breakingviews analysis suggests that even paying a 40-percent premium, Oracle could reap a hefty return.

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