Andre Yoskowitz
18 Apr 2016 23:05
According to new reports, Verizon seems to be leading the way in their efforts to acquire Yahoo after a few prominent suitors dropped out of the bidding.
Among those who have dropped out are Time, Alphabet, Comcast, AT&T and IAC, leaving very few companies left with any interest in the struggling web pioneer.
Verizon has been focusing on video services and online advertising of late, even purchasing AOL for $4.4 billion last year to give themselves a foundation in the digital media business. Yahoo would be a logical acquisition although the price they pay certainly matters.
There have been estimates that Yahoo's core assets could be worth up to $8 billion in an auction while others have claimed the assets are really worth closer to $1 billion given the dysfunction of the businesses and sharply dropping profits and revenue. Yahoo executives have also failed to give solid business plans, which is said to have frustrated potential buyers. CEO Marissa Mayer has also been accused of stifling the sale process.
Source:
WSJ