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Google May Back Yahoo! Acquisition

October 22, 2011

By Gilbert Falso :: 2:29 PM

According to reports, Google is looking to provide financing for an acquisition of Yahoo! Inc. by a unnamed group of bidders.

Yahoo recently fired its former CEO, Carol Bartz,and cited her failure to keep pace with Google in the market for online advertising as one of the reasons for her termination. Google is currently sitting on nearly $43 billion in cash and short-term investments, and is looking to back the acquisition of rival Yahoo! rather than buying it outright.

Neither Yahoo! nor Google have commented publicly on the matter.