Tuesday, March 29, 2016

Yahoo sets Deadline: purchase bids until April 11 – Heise Newsticker



! (Photo: dpa, Michael Nelson / Archives)

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The field of interested parties should be reduced. Therefore, Yahoo asks for concrete offers until April 11. Interested parties should explain which parts of Yahoo to buy and how they intend to finance this.

The ailing Internet giant Yahoo has potential buyers set a deadline until April 11. Within the next two weeks to the prospective place their bids for Yahoo’s core business and its investments in Alibaba and Yahoo Japan. The reports the Wall Street Journal , citing informed people.



Bidding concrete

Yahoo should have sent to the prospective letters and asked in these concrete bids. The potential buyers have to enter according to the insiders, in which part of Yahoo they are interested and what price they would pay. Even Yahoo should have asked that bidders declare how they intend to finance the purchase and what permits would be provided for the purchase.

As the Wall Street Journal reports, Yahoo will narrow the field of bidders – about 40 there should be. Interested parties had all signed an agreement to remain silent on the negotiations. The period value implies that the sale should be completed by June or July – before the annual meeting of shareholders. This could as Yahoo and involved in the sale of financial investor Starboard Value be intended, commented an analyst with Cantor Fitzgerald told the newspaper.



participation of Microsoft

Still a few days ago reported Re / code , citing several sources that Microsoft apparently intends to participate in a possible acquisition of Yahoo in the financing. This would include Microsoft, among other reasons, to maintain its relationship with Yahoo. After a failed takeover attempt of 2008, the companies are working in search and advertising closely. (cfu)

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