Yahoo: Leaks Abound as Sale Bidding Gets Underway

New York Times: It’s hard to sell any company, but Yahoo is finding that it may be even harder when the entire world seems to know about your supposedly secret bidding. Secrecy is supposed to be the sine qua non of deal-making. An early leak can destroy a deal by driving the share price of the target company too high or by alerting other potential bidders. Second-round bids are supposedly due in June in what is definitely a slow-motion auction.