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Private equity firm Silver Lake is considering a bid for Internet firm Yahoo! Inc., according to media reports.

As part of the deal, Silver Lake would sell off Yahoo's Asian assets and then attempt to turn around the main operations or find a buyer for that business, two people involved in the deliberations told Bloomberg.

Separately, the Wall Street Journal, citing one of the people familiar with the matter, said that Yahoo! had not met with Silver Lake and it was not clear precisely what the private equity firm proposed.

The newspaper also said that Yahoo! had signalled to Silver Lake but Yahoo! declined to comment to the Journal. Both could not immediately be reached for comment by Reuters.

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