The Briefing Room

General Category => Economy/Business => Topic started by: ABX on June 07, 2016, 02:15:35 pm

Title: Report: Verizon, still the frontrunner to buy Yahoo, submits $3 billion bid
Post by: ABX on June 07, 2016, 02:15:35 pm

Quote

The telecom giant submitted a $3 billion bid for Yahoo's core media business on Monday, the Wall Street Journal reported late last night.

Monday marked Yahoo CEO Marissa Mayer's deadline for second-round bids. Other first-round bidders, including a number of private equity firms, were expected to submit competing bids in the range of $2-3 billion, according to the Journal.......

https://news.fastcompany.com/report-verizon-still-the-frontrunner-to-buy-yahoo-submits-3-billion-bid-4009513

Title: Re: Report: Verizon, still the frontrunner to buy Yahoo, submits $3 billion bid
Post by: SirLinksALot on June 07, 2016, 02:22:34 pm

I can't even count the number of failed suitors for YAHOO in the past.

Off the top of my head: AT&T, Microsoft, CBS, Alibaba, Disney, Google ....

Perhaps Verizon will succeed this time as Yahoo seems to be in the financial doldrums.

Title: Re: Report: Verizon, still the frontrunner to buy Yahoo, submits $3 billion bid
Post by: geronl on June 07, 2016, 02:24:27 pm

$3 billion seems like a bit much, like $2.7 billion too much.