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Yahoo sets deadline for preliminary bidding to its web business

 

 

  • Yahoo has set an April 11 deadline to submit preliminary bids for its web business and Asian assets, reports Reuters citing WSJ.

  • Yahoo sent out letters to potential buyers asking them to list which parts of the company they’d like to bid for, and how much they’re willing to pay for it, according to the Business Insider.

  • Yahoo is also seeking details as to how a bidder plans to finance the deal and what the internal approval process looks like to make a deal happen.

  • There are neaely 40 companies that have got into non-disclosure agreements with Yahoo to review materials about its business, according to recent reports. Some of the most frequently mentioned potential buyers are big communications companies like Verizon and AT&T, and private equity firms like TPG and KKR.

  • One surprise party that’s suddenly become involved is Microsoft. As per a report in Recode last week, Microsoft is willing to financially support private equity firms that might be interested in a deal for Yahoo’s core business. The report said that Yahoo is asking for $10 billion for its core business.

 

 

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