DMGT explores bid for Yahoo!

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Daily Mail & General Trust PLC (DMGT), owner of the Daily Mail and DailyMail.com, is in “early stage” discussions with a number of parties about a bid to buy Yahoo! Inc.

According to a report from the Wall Street Journal on Sunday (10 April), the bid could take the yahooform of a private equity partner acquiring all of Yahoo!’s US-based operation, with the Mail taking over news and media properties; or, it could involve a private equity partner acquiring Yahoo!’s web business and merging its media and news properties with the Mail’s online offer.

A DailyMail.com spokesperson said today (Monday 11 April): “Given the success of DailyMail.com and Elite Daily we have been in discussions with a number of parties who are potential bidders.

“Discussions are at a very early stage and there is no certainty that any transaction will take place.”

Yahoo! has set an April 18 deadline for bids.

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