• Health
  • Science
  • U.S.
  • Technology
  • Business
  • World
  • Politics
  • Entertainment
  • Sports

Building a Better World

News and information

  • Home
  • Privacy Policy
  • Contact Us
  • Our Team

Yahoo is in big trouble – Can it find a buyer in time?

April 23, 2016 By Sam Catherman

Yahoo is in big trouble – Can it find a buyer in time?

The flailing search company is scrambling to find the highest bidder for its core assets.

Search company Yahoo has just completed the first round of bidding for its core assets, and it could be as soon as next week that bidders find out if they’ve made it to the next round. According to a report from Bloomberg, the first round of bids valued the company’s core assets between $4 billion and $8 billion.

Yahoo advisors are hard at work this weekend pouring over bids from more than ten interested parties. The company hopes to narrow down the field of potential bidders to move on to a second round of negotiations as soon as possible.

Second round bidders will gain access to internal documents and the management to help the valuation process. People familiar with the bidding process say that a final bidder could be announced as soon as next month.

The company recently released its first quarter earnings statement for 2016, and CEO Marisa Mayer confirmed that Yahoo is plowing ahead with efforts that “reflect clear, decisive action to move forward quickly and in a way that we believe will yield enhanced value.”

Up for sale are the company’s online operations – the search technology that fell into second place behind Google years ago and struggled to break back through with a service people wanted.

Bidders for the company reportedly include Verizon, YP Holdings LC, TPG, and a group spearheaded by Bain Capital LP and Vista Equity Partners LLC. Sources suggest that bidders on the higher end of the spectrum have not spent as much time with the company and may be overvaluing it with their offers.

The company has been searching for a buyer for some time after one final push to gain back a share of web traffic using targeted advertisements and questionable data collection practices. The effort to sell off the company’s core assets represents one last effort to derive value from a search engine that’s been long forgotten.

A press release describing the company’s most recent earnings statement can be found here.

 

Sharing

Facebooktwittergoogle_plusredditpinterestlinkedintumblrmail

Filed Under: Business, Front Page

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Facebookrss

Search:

Recent Posts

  • NASA’s InSight spacecraft makes important course correction May 26, 2018
  • Scientists outraged at latest Trump decision May 15, 2018
  • Huge uproar erupts over major incident at Utah park May 13, 2018
  • Incredible moon discovery stuns scientists May 12, 2018
  • Authorities shocked by discovery about common painkiller May 6, 2018
  • Outrageous crocodile experiment stuns scientists May 5, 2018
  • Great Barrier Reef is too quiet, scientists say May 1, 2018
  • Massive Hiroshima bomb discovery shocks scientists May 1, 2018
  • Earth will be slammed by massive asteroid April 29, 2018
  • Teens are doing something incredibly alarming in schools April 29, 2018
  • Huge discovery in Tasmania stuns scientists April 28, 2018
  • Shocking discovery in New Jersey stuns authorities April 22, 2018
  • Huge volcanic explosion could wipe out the United States April 21, 2018
  • Huge controversy erupts over world’s hottest pepper April 15, 2018
  • SpaceX is about to do something astonishing April 15, 2018

Copyright © 2022 Jones Kilmartin Group, LLC · Metro Pro Theme On Genesis Framework · WordPress