DMGT explores bid for Yahoo!

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.

Related Posts
Remarkable Group buys property comms agency HardHat
Integrated public engagement, public affairs, PR and content marketing agency Remarkable Group has acquired London-based property comms firm HardHat to form the “UK’s largest [...]
FTI Consulting advises Motorpoint on IPO
FTI Consulting has advised vehicle retailer Motorpoint on its recent IPO. Jonathon Brill, Alex Beagley, James Styles and Fiona Walker make up the team that advised Motorpoint [...]
Finsbury and Hering Schuppener selected to guide Bayer through Monsanto bid
German life sciences company Bayer has chosen WPP agencies Finsbury and Hering Schuppener to work alongside its retained adviser, Brunswick, on its £42.8 billion ($62 billion) [...]
GUNG HO buys Coffin on Cake
Consumer sport and lifestyle PR agency GUNG HO Communications has acquired London-based Coffin on Cake PR for an undisclosed figure, in a move that will double the size of the [...]