I am hearing that Yahoo is on the verge of announcing a major acquisition.
The Wall Street Journal reported last month that Yahoo had acquisition talks with social-networking site Facebook, but it appeared those negotiations had reached an impasse. Reportedly, Facebook’s asking price was $1 billion. It’s also possible that Yahoo might acquire CNET, which has a market capitalization of $1.26 billion.
It is also possible, though less likely, that Yahoo might wish to acquire Dow Jones & Company or Time Warner’s AOL group. There are countless other possibilities, too, but it certainly seems that Yahoo is about to make an acquisitive move that many market watchers believe is long overdue.