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At least two private equity groups placed bids on Yahoo today, and both bids valued the company at more than $20 billion.
A consortium led by Silver Lake bid $16.60 per share for a minority stake, according to Bloomberg. That would value Yahoo around $20.6 billion, or about 6% higher than the company's share price at market close today.
It's also on the very low end of the bidding prices that have been floated in the press over the last couple months.