GOOG (Google Inc.) is on a spree to take a cross over at the troubled YHOO (Yahoo! Inc). Google is considering of financing the deal with other potential buyers. Though, nothing has been finalized yet.

Google is in talks with two private equity firms to buy rival digital media tech giant, yet nothing has been confirmed by either Google or the prospective buyers to explore joint venture in a bid for the likely auction of Yahoo! Inc.

Yahoo! Inc. (YHOO)’s revenue has been dropping even though ad market is expanding with a 20% rise annually. Yahoo! Fired its chief executive Carol Bartz in September and since has been on a spree to attract potential buyers.

Google’s inclination has attracted a new buzz around Yahoo takeover. GOOG’s interest in Yahoo! bid came into force after Microsoft Inc. (MSFT) with other private equity explorers began examining the possibilities of a takeover.

Microsoft is eager to tie up with private equity holders like Canada Pension Plan Investment Board and Silver Lake Partners, extending them loans, and buying stocks in Yahoo! Inc.

At the same time, Google Inc. is also interested in selling ads through Yahoo, which till date Yahoo did independently. Insiders believe that Google’s interest in Yahoo is a bid to make matters highly effulgent among the competitive buyers of Yahoo! Inc.

Any link between the world’s biggest internet companies that joins Yahoo bid and Google is bound to attract anti-trust. Google’s attempt to take over yahoo has been challenged by America’s federal antitrust lawyers, earlier in 2008.