Beijing time on November 2, noon news, insider, Yahoo is currently working with private-equity firm contact, dished out a programme to them. Under this programme, private-equity firm could be held 20% shares of Yahoo, so that they can be implemented without the overall acquisition case, the effective control of the Yahoo.

　　Since September this year the Yahoo Board to remove CEO Carol bartz (Carol Bartz), Yahoo has been actively looking for new strategic choices, and this so-called “finance capital adequacy” (leveraged recapitalization) programme is that Yahoo is one of strategic choice. Was warned, now is too early to decide the fate of Yahoo, Leveraged Recapitalization scheme is just one of Yahoo’s current discussion of multiple choice.

　　Insider, a potential scenario is that private-equity firm owns 20% shares in Yahoo, as a condition that they buy Yahoo stock, bear part of the bank debt, so as to make useful adjustments on Yahoo’s financial situation. This approach will allow Yahoo has the ability to pay dividends to shareholders, although it was not clear if Yahoo will pay dividends through the plan.

　　Some hope for Yahoo shareholders sold overall, Leveraged Recapitalization plan might disappoint them. Sources said, private-equity firm if it owns 20% shares in Yahoo and Yahoo co-founder Jerry Yang (Jerry Yang) and David Filo (David Filo) 10% shares, they have a greater voice on the Board. Under this programme, by buying back shares they hold Yahoo shares rose to 40% even cent.

　　Sources said, Yahoo Finance consultants Agency is currently lobbying the private-equity firm, convincing them that Leveraged Recapitalization and stock repurchase will enable the control of Yahoo, without buying Yahoo as a whole. Yahoo’s current market value of about $ 19 billion.

　　Many insiders, Jerry Yang, positive attitude to this programme, has been personally negotiating with private-equity firm. But others refute this statement, they believe that the current Yahoo strategic assessment Committee is responsible for the matter, Mr Yang represents only the Yahoo Board.

　　Includes Silver Lake capital, Providence capital (Providence Equity Partners), TPG Capital, the Blackstone Group, a number of private-equity firm several months has been looking at Yahoo’s potential programme. Those company’s attitude toward Leveraged Recapitalization programme, which is unknown.

　　Some sources said, according to this programme, Yahoo will retain their Asian assets, but there still exist, said people familiar with Yahoo’s Asian assets sale likely. Yahoo currently holds Alibaba (microblogging) approximately 40% shares of the group, Yahoo Japan 35% shares. (Xuan Chen)