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Private equity courts News Corp, AOL on Yahoo: source [finance.yahoo.com]
Several private equity firms have approached Internet and media companies including News Corp and AOL Inc to gauge their interest in buying out Yahoo Inc, a source with knowledge of the approaches said.
The news comes as Yahoo, the No.2 search engine in the United States behind Google Inc, struggles to revive its revenue growth under the management of Chief Executive Carol Bartz, and to rebuild its buzz among consumers amid competition from social networking sites such as Facebook.
A potential deal would be contingent on Yahoo selling its prized Asian assets, including a 40 percent stake in China's Alibaba Group and 34.5 percent of Yahoo Japan, the source told Reuters on Wednesday on condition of anonymity because discussions were not public.