Yahoo Shares Up After Takeover Threat

Posted on October 14, 2010

Yahoo shares are climbing following a report saying AOL Inc. and a group of private equity firms may bid for the Web company. Bloomberg reports that Yahoo has reportedly hired Goldman Sachs to try and fend off a public takeover. Yahoo was able to fend off a Microsoft takeover in 2008, but may not be successful this time around. Yahoo's shares (YHOO) climbed nearly 4.5% today. Take a look: