Magazine publisher Time Inc considering merging with Yahoo: Bloomberg

Last week Yahoo officially launched the sale of its core business, which includes search, mail and news sites


Reuters February 23, 2016
A supporter holds up a copy of Time Magazine during Trump's speech at a veteran's rally in Des Moines, Iowa January 28, 2016. PHOTO: REUTERS

Magazine publisher Time Inc (TIME.N) is considering a deal to merge with struggling Internet company Yahoo (YHOO.O), Bloomberg reported, citing people familiar with the matter.

Time Inc, the publisher of Sports Illustrated, People and namesake Time has heard a presentation from Citigroup Inc (C.N) bankers on pursuing a deal with Yahoo, the Bloomberg report said.

Chennai floods: Indian newspaper The Hindu not published for first time in 137 years

Last week Yahoo officially launched the sale of its core business, which includes search, mail and news sites.

COMMENTS

Replying to X

Comments are moderated and generally will be posted if they are on-topic and not abusive.

For more information, please see our Comments FAQ