non-disclosure agreement

Bidding process for Yahoo at a dead end?

The bidding process for Yahoo has been stalled by the company's decision to ban potential suitors from talking with each other, sources familiar with the situation tell Reuters.

Most private-equity firms and potential buyers considering a bid for the Web pioneer have not reviewed the financial documents Yahoo began circulating two weeks ago because of a non-disclosure agreement that must be signed before they get access to nonpublic financial data, according to the report

The agreement, which forces bidders not discuss their bidding plans with any other company that might be considering making an offer, is designed to boost … Read more