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.
Why would MS need anyone else to raise the money ? ..no way they do..so any noise about partners is either just noise..or if true is an attempt at a way around any monopoly problems with legislators in other jurisdictions not liking MS owning Y all by itself..
Arguing against a friendly neighbouring government owning one of the big three "engines" would be politically embarrassing ..but then again the US might be much more willing to sit down for that one than if it was some govt dept other than the US getting involved with buying MS or G..
Left field and not what it is supposed to seem to be though if true , because MS most certainly has the money it needs all by itself..
Undoubtedly ..but MS isn't known for wanting to share control..
And they bought skype for more than they would probably have to pay for Y if they bought it without "partners"..
Nah ..if this is true then "approval" and "monopoly" and "legislation" figures somewhere in the calculations..
CPPIB couldn't run it themselves ..and I cant believe that the CPPIB thought this one up ..that would be like coming home to your wife in Toronto in your apartment on the 20th floor and saying hey honey ..I'm thinking of buying some goats, putting down grass in the lounge and making cheese and yogurt in the bathroom" :)