Thursday, April 10, 2008

Yahoo! Finance: Google using Quattrone as merger adviser

"Former star technology investment banker Frank Quattrone is advising Google Inc as the Web search leader mulls its strategy amid Microsoft Corp's move to buy Yahoo Inc, a source familiar with the arrangement said on Thursday."

"Last month, Quattrone announced that he and some former colleagues had started Qatalyst Group, a tech-focused investment banking boutique based in San Francisco, to provide merger and corporate finance advice to technology companies.

"I look forward to working with him again and am very enthusiastic about Qatalyst's prospects for success," Google Chief Executive Eric Schmidt was quoted as saying in the press release announcing the opening of Quattrone's new firm.

"He is advising the company," the source said on Thursday of Google's decision to hire him, offering no further details."

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