U.K. Daily Mail Considers Bid for Yahoo
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.
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