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.
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.
-
Home Depots are the new epicenters of ICE raidsIn the Spotlight The chain has not provided many comments on the ongoing raids
-
Why does Trump keep interfering in the NYC mayoral race?Today's Big Question The president has seemingly taken an outsized interest in his hometown elections, but are his efforts to block Zohran Mamdani about political expediency or something deeper?
-
The pros and cons of banning cellphones in classroomsPros and cons The devices could be major distractions
-
Florida erases rainbow crosswalk at Pulse nightclubSpeed Read The colorful crosswalk was outside the former LGBTQ nightclub where 49 people were killed in a 2016 shooting
-
Trump says Smithsonian too focused on slavery's illsSpeed Read The president would prefer the museum to highlight 'success,' 'brightness' and 'the future'
-
Trump to host Kennedy Honors for Kiss, StalloneSpeed Read Actor Sylvester Stallone and the glam-rock band Kiss were among those named as this year's inductees
-
White House seeks to bend Smithsonian to Trump's viewSpeed Read The Smithsonian Institution's 21 museums are under review to ensure their content aligns with the president's interpretation of American history
-
Charlamagne Tha God irks Trump with Epstein talkSpeed Read The radio host said the Jeffrey Epstein scandal could help 'traditional conservatives' take back the Republican Party
-
CBS cancels Colbert's 'Late Show'Speed Read 'The Late Show with Stephen Colbert' is ending next year
-
Shakespeare not an absent spouse, study proposesspeed read A letter fragment suggests that the Shakespeares lived together all along, says scholar Matthew Steggle
-
New Mexico to investigate death of Gene Hackman, wifespeed read The Oscar-winning actor and his wife Betsy Arakawa were found dead in their home with no signs of foul play
