Technology content trusted in North America and globally since 1999
7,433 Reviews & Articles | 54,561 News Posts

Yahoo to start bidder search on Monday, reports claim

Yahoo said to begin buyer talks sooner than you might expect
By: Chris Smith | Business, Financial & Legal News | Posted: Feb 22, 2016 2:31 pm

Bloomberg and ZDNet are telling us that Yahoo will start its look for bidders as soon as Monday, approaching companies and private equity firms alike.

 

yahoo-start-bidder-search-monday-reports-claim_04

 

This announcement as a whole isn't too surprising given that Yahoo has already publicly announced a committee to deal with this task, with a slew of companies already pinpointed for a possible buyout. Bloomberg thinks that some large names are keen on this purchase, including the likes of Verizon, Comcast, AT&T, Bain Capital Partners, KKR & Co and TPG.

 

Bids are expected to kick off later on in March this year, coming amidst Yahoo's plans to restructure and focus its operations.

NEWS SOURCES:Zdnet.com

Related Tags

Got an opinion on this news? Post a comment below!
loading