Yahoo (YHOO +1.5%) is underperforming after Bloomberg's report of a $16.60/share bid from Silver...

|By:, SA News Editor

Yahoo (YHOO +1.5%) is underperforming after Bloomberg's report of a $16.60/share bid from Silver Lake and Microsoft (MSFT +2.6%) for a mere 10%-15% stake (and in convertible preferred securities, at that) fails to impress. Kara Swisher claims P-E firm TPG capital has offered $17.50/share for a minority stake, and other players are hanging around, but that bids north of $20/share are unlikely to arrive.