Yahoo Looking for More Companies to Buy, WSJ Says, Citing CEO
New York, April 2 (Bloomberg) -- Yahoo! Inc., the No. 1
Internet directory, is searching for more companies to buy soon,
the Wall Street Journal reported, citing an interview with Yahoo
Chairman and Chief Executive Timothy Koogle. The Internet
industry is in a ''pulsing'' period, meaning that the market is
in the midst of determining which companies should be bought and
which should be the purchasers, said Koogle, who counts Yahoo in
the latter category. Koogle declined to comment on speculation
that Yahoo recently has been in discussions with potential
partners, including CheckFree Holdings Corp., about a variety of
new alliances, the newspaper said.
Yesterday, Yahoo agreed to buy Broadcast.com Inc. for about
$6.08 billion in stock and options to add audio and video of
sports, news and music to its World Wide Web site.
(WSJ 4/2 B2) |
