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Yahoo to start bidder search on Monday, reports claim

Yahoo said to begin buyer talks sooner than you might expect.

@smithymayo
Published Mon, Feb 22 2016 8:31 AM CST   |   Updated Tue, Nov 3 2020 12:01 PM CST

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 to start bidder search on Monday, reports claim | TweakTown.com

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 SOURCE:zdnet.com

I'm a competitive gamer and was an eSports employee. Recent changes have seen me hang up the mouse and move over to the technology world, covering all news for TweakTown, ranging from gaming news to opinion articles and the latest tech releases. Expect to see a few different articles on international eSports news and competitive game releases, as well as audio and mobile device content.

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