Rugles - 2:31 pm on Oct 20, 2011 (gmt 0)
So the public pension plan of all Canadians is apparently teaming up with MS to buy Yahoo.
CPPIB, Microsoft considering Yahoo bid: report
The Canada Pension Plan Investment Board is partnering with Microsoft Corp. (MSFT-Q26.86-0.27-1.00%) and a private equity firm in a possible bid for Yahoo Inc., (YHOO-Q16.320.382.38%) according to a report in the Wall Street Journal.
The business publication is reporting that the offer would involve billions of dollars, with the largest single contribution coming from Microsoft. CPP Investment Board and Silver Lake Partners would also put up money, as would banks. However, the proposal has not been finalized and could still fall through if the parties canít get all the money together, the Journal said.