Thursday, November 30, 2006

Rediff.com (REDF), Sify (SIFY) Takeover Rumors Are Back

The stockrumors.com blog is regurgitating old rumors that Rediff.com India Ltd. (Nasdaq: REDF) and Sify Ltd. (Nasdaq: SIFY) could be buyout bait, suggesting they've been increasing lately. The post goes over scenarios from a buyout by Yahoo (Nasdaq: YHOO), Google (Nasdaq: GOOG) and Microsoft (Nasdaq: MSFT) and discusses a possible LBO, which they say is less likely. Link

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