Yahoo seeking up to $500 mln for small business unit
SAN FRANCISCO/NEW YORK, Sept 21 |
SAN FRANCISCO/NEW YORK, Sept 21 (Reuters) - Yahoo Inc (YHOO.O) hopes to get up to $500 million for a unit that hosts websites for small companies, after putting it on the market for several months, two people familiar with the matter said.
Yahoo has received interest from corporate buyers and private equity firms, one of the sources familiar with the situation said. It is unclear if any party has made an offer.
The sources spoke on condition of anonymity because the sale process has not been made public. A Yahoo spokeswoman said the company does not comment on rumors or speculation.
(Reporting by Anupreeta Das and Alexei Oreskovic; Editing by Phil Berlowitz)
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