CWEB.com – Are We Getting More Bad News From Yahoo. How Can A Daily Mail News Company Worth Only $4 Billion To Make A Bid For Yahoo. Should Shareholders Run To The Exit?Ailing tech firm Yahoo, which has a market capitalisation of $38bn (£27bn), put its core business up for sale in February with bids due by 18 April. Daily Mail and General Trust, the parent company of the Daily Mail, has confirmed that it has approached companies interested in a potential bid for Yahoo. DMGT has been heavily focused on building its operation in the US, which includes the acquisition of news site Elite Daily.One scenario is DMGT takes on the news and media properties in their entirety after a private equity deal. The other is the private equity company takes a stake in the Daily Mail’s digital operation once enlarged by Yahoo’s properties. DMGT would always be the majority shareholder in that scenario.
CWEB.com – Are We Getting More Bad News From Yahoo.
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