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Wednesday 7 December 2016

Daily Mail considers bid for Yahoo

Published 11/04/2016 | 00:36

Shareholders have pushed for a change of leadership at the firm
Shareholders have pushed for a change of leadership at the firm

The owner of the Daily Mail is in early discussions over a bid for the ailing US internet company Yahoo.

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The Wall Street Journal reported 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 could not immediately be reached for comment.

The company 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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