UK based tabloid the Daily Mail is rumoured to be interested in making a bid for Yahoo. The newspaper is reportedly looking for a partner to split the internet giant with, as it is only interested in Yahoo’s media and news properties.
Sources close the matter have said that the Daily Mail has spoken with several US based private equity firms on the matter, and will only go forward with a bid once it finds a partner. That being said, there is talk that the outcome of the bid could result in a new company spun out of the Daily Mail’s online operations combined with Yahoo’s media assets.
The Daily Mail is not the only company reported to be interested in buying over Yahoo. American telco Verizon is also planning to make a bid on Yahoo’s web business, while rival Google has similarly been reported to be interested in the company’s core business.
Yahoo CEO Marissa Mayer has failed to turn the former giant’s fortunes since arriving from Google in 2012. Since then, the board of directors have begun exploring the option of selling the company off as it looks like there is little that can be done to save it.
[Source: Bloomberg]
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