Ex-Yahoo CEO Terry Semel to snap up IMG?

Former Yahoo CEO Terry Semel is reportedly on the prowl for sports, entertainment, and media company IMG.

Semel is apparently banking on his Internet experience at Yahoo to give IMG's Internet operations a boost, as well as beef up its media and content offerings, according to a report in the New York Post.

Semel, who apparently is looking to buy IMG from Ted Forstmann, is reportedly meeting with private equity firms and others to carry off the deal. Forstmann, however, apparently wants a hefty $3 billion price tag to carry off the deal.

Whether Semel will be successful in acquiring IMG and creating a digital giant has yet to be seen, but his track record in turning around Yahoo isn't in his favor. The Internet search pioneer has been struggling to win back market share against younger competitor Google and currently is weighing its options on whether to hook up with Google or Microsoft in a business transaction or go it alone.

[creativeguidance1]

Funny how everyone jumps on the failure bandwagon, but dont we remember Semel going to Yahoo when the company was valued around $8billion, had over 60 divisions, little international presence and no understanding of how to monetize the existing company? while we all would have liked a $40 stock, $27 is still approx 6x return if you bought stock 3-9months after his arrival. How many others have jumped into a company some predicted to go out of business...only to achieve this type of valuation?

[benjaminstraight]

It would be a good acquisition.