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.
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