Deals
AT&T’s Interest in Yahoo May Doom Private Equity’s Buying Hopes
This article is for subscribers only.
AT&T Inc.’s decision to pursue Yahoo! Inc. could be a death knell to efforts by private equity firms hoping to acquire the beleaguered internet company.
The telecommunication giant’s presence puts pressure not just on Verizon Communications Inc. and Quicken Loans Inc. founder Dan Gilbert -- backed by Warren Buffett -- to raise their offers. It also adds another deep-pocketed strategic company to the mix of bidders for Yahoo’s core web assets.