About 40 parties have expressed interest in bidding on all or part of Yahoo, and they have until April 18 to submit their offers. Verizon is probably the frontrunner, The Wall Street Journal reports, followed by IAC/InterActive and CBS Corp., but there's a new bidder showing interest: Britain's Daily Mail. The tabloid's parent company, Daily Mail & General Trust PLC, is exploring a joint bid with several private equity firms, and its main interest is Yahoo's news and other media properties, The Journal reports, citing "people familiar with the matter."
The Daily Mail has made a splash in the States, with what The Journal calls its "aggressive mix of news aggregation and celebrity and scandal coverage" earning the site 66.7 million unique U.S. visitors in February, according to comScore. Yahoo would give the British tabloid a much bigger footprint in the U.S. Among the other companies exploring bids are Time Inc, Microsoft, and some private equity firms. Along with its media properties, Yahoo owns lucrative stakes in China's Alibaba and Yahoo Japan.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Create an account with the same email registered to your subscription to unlock access.
-
'Make legal immigration a more plausible option'Instant Opinion Opinion, comment and editorials of the day
-
LA-to-Las Vegas high-speed rail line breaks groundSpeed Read The railway will be ready as soon as 2028
-
Israel's military intelligence chief resignsSpeed Read Maj. Gen. Aharon Haliva is the first leader to quit for failing to prevent the Hamas attack in October
-
OJ Simpson, star athlete tried for murder, dead at 76Speed Read The former football hero and murder suspect lost his battle with cancer
-
Momofuku's 'Chili Crunch' trademark uproarSpeed Read The company's attempt to own the sole rights has prompted backlash
-
Kevin Hart awarded Mark Twain PrizeSpeed Read He is the 25th recipient of the prestigious comedy prize
-
Is Downton Abbey set to return for a final film?Speed Read Imelda Staunton reveals that a third movie may be in the pipeline
-
'Oppenheimer' sweeps Oscars with 7 winsspeed read The film won best picture, best director (Christopher Nolan) and best actor (Cillian Murphy)
-
'Rust' armorer convicted of manslaughterspeed read The film's cinematographer Halyna Hutchins was shot and killed by actor Alec Baldwin during rehearsal
-
The Beatles are getting 4 intersecting biopicsSpeed Read Director Sam Mendes is making four separate movies, each told from the perspective of one band member
-
Taylor Swift to Miley Cyrus: female artists dominate 2024 GrammysSpeed Read SZA, Phoebe Bridgers and Lainey Wilson were also among the winners at LA gala
