The New York Times
Monday, November 28, 2011 -- 7:04 PM EST
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Silver Lake Consortium Is Said to Seek Yahoo Stake
A consortium of investors led by Silver Lake and Microsoft is one of several parties that will be submitting a plan to take a minority stake in Yahoo, people briefed on the matter told DealBook.
TPG Capital is also expected to submit a proposal, said these people, who spoke on condition of anonymity. Both plans involve taking a stake of up to 20 percent in Yahoo.
Yahoo's financial advisers at Allen & Company and Goldman Sachs had set the end of business on Monday as a deadline for offers for a minority stake in the Web pioneer, these people said. The company's board is expected to discuss the matter as soon as this week.
Representatives for Silver Lake, Microsoft, Yahoo and TPG declined to comment.
Yahoo appears increasingly less interested in selling itself as a whole. Over recent weeks, the company's directors and advisers have gravitated toward plans in which an investor or consortium would buy perhaps a 20 percent stake. Yahoo would then take on debt to finance a stock buyback.
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