Confidentiality Pact Signed Between Microsoft And Yahoo

December 16th, 2011 by James

Confidentiality Pact Signed Between Microsoft And YahooA confidentiality agreement has been signed between Microsoft Corp and Yahoo Inc, which allows the software giant to take a closer look at Yahoo’s business, according to a source familiar with the matter.

Yahoo, which fired its chief executive in September, is undergoing a “strategic review,” for revamping its business and stagnant revenue growth.

From Reuters.com:

Private equity firms KKR and TPG Capital have also signed confidentiality agreements with Yahoo, people familiar with the matter previously told Reuters. The firms are looking to potentially buy minority stakes in Yahoo of up to 20 percent, with an eye toward eventually taking over the whole company, the people said.

Silver Lake, another private equity firm, has also signed a nondisclosure agreement with Yahoo, according to the technology blog AllThingsD.

Some private equity firms have balked at signing Yahoo’s NDA because of restrictions that would prevent them from forming consortiums, people familiar with the matter told Reuters.

According to the source, Microsoft’s signing of a nondisclosure agreement with Yahoo occurred “recently.”

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