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Great Internet Pioneer Yahoo, Is For Sale As Bidders Line Up. - Business - Nairaland

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Great Internet Pioneer Yahoo, Is For Sale As Bidders Line Up. by anisalome(m): 11:54pm On Apr 11, 2016
YAHOO IS FOR SALE, AND BIDDERS ARE LINING UP TO GRAB THEIR OWN, EVER-SHRINKING PIECE OF INTERNET HISTORY.
The once-great Internet pioneer is entertaining offers…reluctantly. CEO Marissa Mayer would like to see Yahoo through its struggles, but impatient investors are looking for a way to cash out.

Yahoo (YHOO, Tech30) has reportedly given interested parties until April 18 to make their offers. The company is expected to fetch something like $8 billion for its core Internet business.

Who’s buying?

The list of interested parties matches the potpourri of businesses that Yahoo operates.

Media companies, such as the Daily Mail and Time Inc. (TIME), are reportedly thinking of making an offer. A Daily Mail spokesman confirmed to CNNMoney that the company is looking at bidding for Yahoo.

Technology companies, such as Google (GOOGL, Tech30) and Microsoft (MSFT, Tech30), are also reportedly looking into bidding for other pieces. Though Google isn’t likely to make an offer, due to antitrust concerns, Microsoft would like to preserve its relationship with Yahoo, providing Bing search results for some search queries. Microsoft had made a $45 billion offer for Yahoo in 2008, which Yahoo successfully fought off.

Verizon (VZ, Tech30) could also be a player. It owns Yahoo rival AOL and other media assets, and the company has publicly expressed interest in taking a look at Yahoo. AOL is like a mini version of Yahoo, with a sizable digital advertising and online content business. Verizon bought AOL last year for more than $4 billion.

for more information, hit the source: http://www.talkasset.com/great-internet-pioneer-yahoo-is-for-sale-as-bidders-line-up/
Re: Great Internet Pioneer Yahoo, Is For Sale As Bidders Line Up. by banjicom(m): 12:29am On Apr 12, 2016
So wetin go happen to my email now? sad
Re: Great Internet Pioneer Yahoo, Is For Sale As Bidders Line Up. by anisalome(m): 7:13am On Apr 12, 2016
I think your email will be safe.

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