Everyone took the hint when Yahoo cut down 15 percent of its workforce last year. It has been a tough ride for Yahoo – the core web advertising business has been suffering, along with the content verticals such as food, health and travel. Yahoo shares have declined 34 percent over the last year, down 20 percent in 2016. Yahoo had recently announced that it has hired a committee of independent directors, lawyers and banking advisors, in order to explore its strategic alternatives, including selling its main Internet operations. Yahoo admitted that the company is up for sale.
According to a report from Bloomberg, the deadline for the first-round bids for Yahoo is on April 18th. Potential Bidders have been given a document with more than 80 pages of metrics about the business.
- Verizon Communications plans to make a first-round bid for Yahoo’s Web business this week, and is willing to acquire the company’s Yahoo Japan Corp. stake. The company is working with financial advisers on the Yahoo bid, and is serious about its buy.
- Google is considering bidding for Yahoo’s core business. Time Inc. and some private equity funds are also evaluating a bid for Yahoo’s core web business.
- Daily Mail is looking to acquire Yahoo’s news, content and media properties.
Yahoo still remains the third most visited desktop domain after Google and Facebook. The audience reach is large too. A sale is definite – question is to whom and for how much?
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