Date
28 July 2017
Yahoo's news and media properties are reported to be drawing interest from the owner of Britain's Daily Mail newspaper. Photo: Bloomberg
Yahoo's news and media properties are reported to be drawing interest from the owner of Britain's Daily Mail newspaper. Photo: Bloomberg

UK’s Daily Mail said to explore Yahoo bid with PE firms

Daily Mail & General Trust Plc., the parent company of Britain’s Daily Mail newspaper, is in talks with private-equity firms about a possible bid for Yahoo Inc., the Wall Street Journal reported.

Daily Mail is mainly interested in Yahoo’s news and media properties, the paper said, citing people familiar with the matter.

Under one scenario, a private-equity partner could seek to buy all of Yahoo’s core Internet assets, with the Daily Mail taking over the news and media properties, a source was quoted as saying.

Daily Mail is just one of some 40 players that have expressed interest in the ailing US Web portal.

The field of serious bidders is expected to narrow considerably as an April 18 deadline for preliminary offers approaches.

Yahoo has held meetings with a select group of bidders, including Verizon Communications, IAC/InterActive Corp and CBS, according to the Journal.

Other firms that have expressed interest in Yahoo include Time Inc. and PE firms TPG and KKR.

Microsoft has held discussions with private-equity firms about helping to finance a buyout, according to the report.

Google reviewed the materials but is unlikely to move forward with a bid, a source told the Journal.

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