A new report by The Wall Street Journal states that Google is in talks with at least two private equity firms about the possibility of financing a deal to acquire search rival Yahoo! 

According to the Journal, Google and possible partners have met but have yet to put together a formal proposal.

There has been constant speculation that Yahoo! will either sell itself or parts of its company. Yahoo!'s revenue has been falling each quarter while its rivals, including Google, have seen their revenues soar. 

Other companies rumored to be interested in buying the once popular online destination is said to be Alibaba Group, a Chinese Internet company of which Yahoo! owns a 43% stake. Alibaba Group said it would try to purchase the company if it could line up the financing. Microsoft, which tried to buy Yahoo! back in 2008 for $47.5 billion, is also said to be interested. 

[WSJ via The Huffington Post]