Rumors around a potential Yahoo buyout drove the tech giants stock price higher today.
Yahoo shares were up almost 6% to close at $15.25, a high of late. They're up to $16.20 in after-hours trading today amid the rumors of a possible buyout.
While there are no definitive offers on the table as of yet. The major players have been closing in on Yahoo accessing the situation. News Corp and AOL are said to be two major parties in line for the buyout.
Sources said the key players in the growing interest around Yahoo are the executives who run Yahoo-affiliated companies in Japan and China. Masayoshi Son of "Yahoo Japan" and Jack Ma of the "Alibaba Group."
Yahoo owns big, lucrative stakes in both companies, assets which make up a big part of the company's current valuation.
Yahoo PR refused to comment on the stock rise.
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