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The agreement allows Microsoft to access Yahoo's books, along with private equity firms Silver Lake, TPG Capital and others.
Microsoft has reportedly been in talks with "a number of leveraged buyout firms" for "billions of dollars" in financing as part of a consortium of investors led by Silver Lake and the Canadian Pension Plan Investment Board. In this scenario, Microsoft could expand its current deal with the company beyond its Bing search engine and integrate its recent acquisition, Skype.
California-based Yahoo posted a US$293mn net profit in the third quarter of 2011, down 26% compared with the year-ago period. Yahoo's revenues reached US$1.22bn in the quarter, a 24% decline from 3Q10.