Yahoo To Buy Indiatimes
Internet search engine Yahoo is in talks to acquire a minority stake in Indiatimes, the online operation of the privately owned Bennett Coleman Ltd, which owns the Times of India newspaper.
A senior executive at Bennett Coleman confirmed negotiations were taking place but added that the group was also talking to private equity funds. "An Internet initiative requires plenty of investment and since we hope to take our portal to the Nasdaq, we will require support," the executive said. He said negotiations could be completed within a month.
Senior Yahoo executives were in India last week to review the company's domestic operations but declined to comment on a potential investment in Indiatimes.
A senior executive at Bennett Coleman confirmed negotiations were taking place but added that the group was also talking to private equity funds. "An Internet initiative requires plenty of investment and since we hope to take our portal to the Nasdaq, we will require support," the executive said. He said negotiations could be completed within a month.
Senior Yahoo executives were in India last week to review the company's domestic operations but declined to comment on a potential investment in Indiatimes.
posted by seo at 10:21 AM
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