Daily Mail & General Trust said that it is in preliminary talks with other investors to mount a bid for Yahoo's assets. It is in discussions with several private equity firms to team up for a bid for the US search engine.
According to sources, Daily Mail & General Trust could acquire media properties, while other interested companies could buy the rest of Yahoo’s assets in the US.
Moreover, the potential bidder will possibly buy the main Yahoo’s web service and then would give the needed Yahoo’s assets to its subsidiary including The Daily Mail. This scenario would enable the British newspaper to be the majority shareholder.
A group of interested companies will include telecom giant Verizon Communications Inc., IAC/InterActiveCorp, CBS Corp., Time Inc., TPG, KKR & Co., Microsoft Corp., etc. There are 40 players that have expressed interest in Yahoo.
It was reported earlier that Google was also a potential suitor interested in buying the US company, but the main potential buyer is US telecom services provider Verizon Communications. In 2015 it acquired online company AOL for $4.4 billion.
Yahoo reported a loss of $4.43 billion in the fourth quarter of 2015. It reported revenue for this period was $1.25 billion from $1.27 billion in the year-ago quarter.
