Daily Mail eyeing up Yahoo’s news arm
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.”
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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.