Buy-Out: Yahoo extends deadline for opening bids
The deadline for initial offers was reportedly extended from Monday to April 18
SAN FRANCISCO:
Yahoo has given prospective buyers an added week to make preliminary bids for the company’s core assets, tech news website Re/Code reported on Friday. The struggling Internet pioneer has been briefing prospective buyers, according to US media reports that indicated the list of suitors included telecommunications titan Verizon, Google-parent Alphabet, and Time Inc. The deadline for initial offers was reportedly extended from Monday to April 18, a day before California-based Yahoo releases earnings figures for the first three months of this year. Re/Code attributed the information to unnamed sources close to the situation and “blabby bankers they talk to.”
Published in The Express Tribune, April 10th, 2016.
Yahoo has given prospective buyers an added week to make preliminary bids for the company’s core assets, tech news website Re/Code reported on Friday. The struggling Internet pioneer has been briefing prospective buyers, according to US media reports that indicated the list of suitors included telecommunications titan Verizon, Google-parent Alphabet, and Time Inc. The deadline for initial offers was reportedly extended from Monday to April 18, a day before California-based Yahoo releases earnings figures for the first three months of this year. Re/Code attributed the information to unnamed sources close to the situation and “blabby bankers they talk to.”
Published in The Express Tribune, April 10th, 2016.