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

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.
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