NEW YORK (Reuters) - Despite all the rumored interest in Yahoo Inc, progress on a deal has hit a brick wall mainly due to the company's lack of strategy and restrictive confidentiality agreement, people familiar with the situation said.
Most of the private equity firms and strategic buyers considering a bid for the Internet giant have still not looked at the financial documents Yahoo began circulating two weeks ago because the confidentiality agreement, once signed, restricts their ability to form consortiums, these people said.