Daily Mail Mulls Bid For Yahoo
The UK’s Daily Mail is stalking Yahoo’s assets – joining a line-up of companies, including telecoms giant Verizon Communications – as an April 18 deadline for preliminary offers beckons.
The parent company of the Daily Mail, the British newspaper and global tabloid Web site, is in talks with several private-equity firms to launch a bid for Yahoo, according to the Wall Street Journal.
Daily Mail & General Trust, whose main interest is in Yahoo’s news and media properties, is just one of some 40 players that have expressed interest in the Web portal.
Yahoo has held meetings with Verizon, IAC/InterActiveCorp and CBS, the WSJ reports. The Mail hasn’t yet met with Yahoo executives but has been in talks with half a dozen private-equity firms to help finance a bid, including General Atlantic.
In a recent note, Cantor Fitzgerald analyst Youssef Squali estimated Yahoo’s core business, excluding the Asian assets and its cash, is worth around US$4.3 billion.