Yahoo's raising cash - to purchase?

• Apr. 4, 2003

Yahoo recently made an announcement that they were offering $750 million worth of bonds to investors.   A Yahoo! spokesperson did acknowledge that the new cash could be used for acquisitions but refused to speculate on what those acquisitions would be.

 

Speculation Friday was that Overture was the target of Yahoo’s newly found funds.  Although Overture says they don not speculate on rumors like this, their share prices did climb Friday to close up 76 cents to $13.47, while Yahoo! shares fell slightly down 46 cents to $23.88.

 

 

Rob Sullivan

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