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Verizon to make bid for Yahoo next week, sources say

By Shawn Knight
Apr 7, 2016
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  1. Verizon will make a bid to purchase Yahoo sometime next week as part of a first round of offers, sources familiar with the matter tell Bloomberg. Internet giant Google is also interested in getting in on the action, another person said.

    Other potential suitors including Verizon rival AT&T, Comcast and Microsoft have all decided against bidding, the publication reports. Time Inc., which was linked to merger rumors back in February, is apparently still evaluating a bid while private equity funds Bain and TPG will make a run at Yahoo, perhaps with the backing of a strategic partner.

    Those interested in making a bid reportedly have until April 11 to do so.

    Verizon and subsidiary AOL Inc., which it purchased last year for $4.4 billion, are said to be talking with at least three financial advisors on the matter. To sweeten the deal, Verizon would also be willing to acquire Yahoo’s stake in Yahoo Japan Corp., sources said.

    Google veteran Marissa Mayer was brought in to help get Yahoo back on track in July of 2012. Mayer went on an acquisition spree while simultaneously purging much of the company’s outdated, non-core services. Yahoo also redesigned its website and relaunched its Messenger app under the tutelage of Mayer yet even still, the company was forced to lay off roughly 15 percent of its workforce earlier this year.

    If Verizon ultimately wins the bid, sources say they’ll replace Mayer with AOL CEO Tim Armstrong and Marni Walden (Verizon’s current executive vice president), who would run a combined Yahoo and AOL.

    Mayer image courtesy Stephen Lam, Getty Images

    Permalink to story.

     
  2. cliffordcooley

    cliffordcooley TS Guardian Fighter Posts: 8,559   +2,900

    Maybe some good can still come from Yahoo. I'm not all that optimistic though.
     
    wastedkill likes this.
  3. captaincranky

    captaincranky TechSpot Addict Posts: 11,706   +1,887

    And if the FTC and SEC don't block Google from any acquisition in the matter, then complete corruption has replaced any vestigial remaining rule of law . Owning Yahoo would give Google a de facto monopoly among search engines, and something would truly be rotten in the state of Denmark, or anyplace else in the world with internet service for that matter! :eek:

    Unless all of Yahoo's customers suddenly bolted for Bing and left Google in the lurch.....Is anything that bizarre happening even possible? :confused:
     
    Last edited: Apr 8, 2016
    wastedkill likes this.
  4. Axiarus

    Axiarus TS Addict Posts: 218   +92

    Bing is not too bad. DuckDuckGo is good too.
     
    LiveResistance likes this.
  5. Axiarus

    Axiarus TS Addict Posts: 218   +92

    IMO, companies like Yahoo and BlackBerry just need to give up already.
     
  6. captaincranky

    captaincranky TechSpot Addict Posts: 11,706   +1,887

    Well, I wholehearted agree that a search engine might not has as much physical property as say a CPU fab, or even a car factory, there are all those well used SCSI HDDs, wastrel employees, and mountains of paperwork which have to be given inflated values. This would be in order for Yahoo's executives to be able walk away with huge piles of money from the sale.:eek:

    In other words, they can't just "give up", at least not with treasuries to loot, and money to be swindled at stake.
     
  7. LiveResistance

    LiveResistance TS Booster Posts: 85   +64

    I've been using DuckDuckGo for a while now. It's actually a good alternative, and worth a try.
     

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