yahoo extends deadline for opening bids
Wednesday 9 July 2025
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

Yahoo extends deadline for opening bids

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleYahoo extends deadline for opening bids

Information from an unnamed source states Yahoo's deadline for initial offers
San Francisco - AFP

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."

Yahoo declined to comment on the report.

In letters to potential suitors, the troubled Internet company asked them what assets they were interested in, how they would finance such acquisitions and what terms would have to be met on their end, the Wall Street Journal reported last month, quoting people familiar with the matter.

The paper said some buyers might be interested in Yahoo's core web business or parts of it, while others might bid for stakes in Alibaba or Yahoo Japan.

Yahoo CEO Marissa Mayer, who took over in 2012 with the mission of boosting growth, is in an increasingly difficult position.

Although Yahoo is one of the best-known names on the Internet and is used by around one billion people, it has fallen behind Google in Internet searches and has been steadily losing ground in online advertising.

Ironically, Mayer joined Yahoo as chief executive from Google a result of a proxy war launched by an activist investor group.

While Mayer has injected some energy and glamor into the company, Yahoo's finances have failed to improve and its core operations are valued in the market as worthless, with the company's valuation propped up by its stakes in Alibaba and Yahoo Japan.

In February, Yahoo said it was cutting 15 percent of its workforce and narrowing its focus as it explores "strategic alternatives."

The California company reported a loss of $4.43 billion in the final three months of last year, due mostly to lowering the value of its US, Canada, Europe, Latin America and Tumblr units.

 

themuslimchronicle
themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

yahoo extends deadline for opening bids yahoo extends deadline for opening bids

 



Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle

GMT 17:04 2017 Thursday ,31 August

Hajj sermon called Muslim world for more unification

GMT 08:26 2017 Tuesday ,06 June

Rania Yussef happy for 'The International'

GMT 10:27 2017 Wednesday ,05 April

LeBron James fuels Cavaliers' rout of Magic

GMT 06:53 2017 Friday ,03 November

Syria forces near capture of Deir Ezzor city from IS

GMT 06:08 2017 Saturday ,15 April

LG G6 global rollout begins

GMT 08:13 2017 Tuesday ,24 October

Iraq PM challenges Tillerson on Iran remarks

GMT 07:34 2017 Saturday ,12 August

World's oldest man dead in Israel at 113

GMT 08:54 2018 Monday ,22 January

Kane strikes but Spurs drop points

GMT 13:25 2017 Wednesday ,02 August

IS claims mosque attack in Afghanistan's Herat

GMT 08:47 2018 Monday ,15 January

Japan sewers clean up their act

GMT 16:13 2018 Sunday ,14 January

Netanyahu urges Macron to 'fix' Iran nuclear deal

GMT 19:49 2011 Wednesday ,03 August

Shell admits \'devastating\' Nigeria oil spills

GMT 14:49 2012 Wednesday ,10 October

Classical poetry by al-Buhturi

GMT 07:22 2014 Monday ,03 November

Myanmar turn libraries into modern centre
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle