The Daily Mail is considering a bid for Yahoo’s media operation.
Britain’s leading tabloid newspaper also happens to have a massive online news operation, and it could be looking to add to that with Yahoo’s extensive news and media assets.
According to a new Wall Street Journal report, the Daily Mail’s parent company is talking to several private equity firms to drum up the cash for a bid as the April 18 deadline for preliminary offers nears.
A Daily Mail spokesperson has since confirmed to the BBC that a bid was being discussed, but that discussions were “at a very early stage,” and that there are “no certainty that any transaction will take place.”
Related: Best web browser
Precisely what form the Daily Mail’s involvement would take is not yet known, but it could either involve running the aforementioned Yahoo news properties for a private equity partners, or it could involve merging the Daily Mail’s online service with that of Yahoo’s to form a new company.
The likes of Yahoo Finance, Yahoo Sport, and of course Yahoo News could help beef up the Daily Mail’s online offering – especially in the US.
Yahoo has been on a bit of a losing streak in recent years, with a 30 percent drop in share price since the end of 2014.
Editorial independence
Editorial independence means being able to give an unbiased verdict about a product or company, with the avoidance of conflicts of interest. To ensure this is possible, every member of the editorial staff follows a clear code of conduct.
Professional conduct
We also expect our journalists to follow clear ethical standards in their work. Our staff members must strive for honesty and accuracy in everything they do. We follow the IPSO Editors’ code of practice to underpin these standards.
Editorial independence
Editorial independence means being able to give an unbiased verdict about a product or company, with the avoidance of conflicts of interest. To ensure this is possible, every member of the editorial staff follows a clear code of conduct.
Professional conduct
We also expect our journalists to follow clear ethical standards in their work. Our staff members must strive for honesty and accuracy in everything they do. We follow the IPSO Editors’ code of practice to underpin these standards.
