Yahoo Taking Bids To Sell All Or Parts Of Company

Mar 29, 2016 • 7:45 am | comments (3) by twitter Google+ | Filed Under Yahoo News
 

Wall Street Journal reports Yahoo has set a deadline for when all bids need to be submitted to Yahoo for selling all or parts of the company. The deadline is April 11th, which is just around the corner.

Yahoo Inc. has given potential suitors two weeks to submit preliminary bids for its core Web business and Asian assets, according to people familiar with the matter.

In letters sent to possible buyers in recent days, Yahoo advisers asked them to submit proposals for their bids, including what assets they hope to acquire and for what price. Some buyers may be only interested in Yahoo’s core Web business, or pieces of it, while others may also propose bids for stakes in Alibaba Group Holding Ltd. or Yahoo Japan.

The company set an April 11 deadline for the bids, one of these people said.

Yahoo did not comment, of course.

I can't believe, one of the legends of the internet, Yahoo was/is the internet, can be sold off to another company.

The folks at WebmasterWorld are discussing it. Forum admin, engine, said "It's interesting to think that that it may be sold off in whole or in parts. Which parts would you acquire?" I'd take the defunct Yahoo Directory to hang on my wall.

Forum discussion at WebmasterWorld.

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