U.K. Daily Mail Considers Bid for Yahoo

(AP) -

The owner of Britain’s Daily Mail is in early discussions over a bid for the ailing U.S. internet company Yahoo.

The Wall Street Journal first reported Sunday that the media company is speaking with private equity firms about an offer.

A spokesman for the DailyMail.com said that, given the success of that site and Elite Daily, it has “been in discussions with a number of parties who are potential bidders.” He said the talks are in a very early stage and there is no certainty any transaction will take place.

Yahoo is under intense pressure to revive its revenue growth and activist investor Starboard Value, a big stakeholder, is pushing for a change in leadership.