Silver Lake Takes on the Big Fish

Silver Lake Partners isn’t among the best-known investors in the private-equity business. But the firm could move a step closer if it pulls off a takeover — and turnaround — of Yahoo Inc.

Emboldened by its success earlier this year with the $8.5 billion sale of Skype to Microsoft Corp., the technology-focused firm is hoping to orchestrate a deal to buy all or part of Yahoo, right the struggling Internet company and reap a rich return in the process.

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