Daily Mail says may partner to bid for Yahoo
8 years, 11 months ago

Daily Mail says may partner to bid for Yahoo

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The parent of Britain’s Daily Mail said on Wednesday it had not submitted it’s own bid to buy Yahoo Inc’s core Internet business, but was still in talks to partner with other suitors of the U.S. company. Shares of Yahoo rose as much as 5 percent on Wednesday, as investors digested the company’s slightly better-than-expected quarterly results late on Tuesday and CEO Marissa Mayer’s reassurances that she was focused on the sale. Daily Mail & General Trust Plc said last week it was in talks with potential partners to mount a joint bid for Yahoo’s internet assets. Buying Yahoo’s core assets - which include a search engine and email, news and sports services - would boost Daily Mail’s online reach and digital ad revenue from its globally popular websites, and partly offset shrinking print revenue.

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