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US: Daily Mail company considering Yahoo bid

By  |  April 11, 2016

Daily Mail & General Trust, the parent company of British newspaper The Daily Mail, is considering a bid for the Silicon Valley company.

“Given the success of DailyMail.com and Elite Daily we have been in discussions with a number of parties who are potential bidders,” a DailyMail.com representative told The Hollywood Reporter. “Discussions are at a very early stage and that there is no certainty that any transaction will take place. We have no further comment at this time. Further updates will be provided as appropriate.”

The Wall Street Journal reported that DMGT is in talks with private equity firms for two potential bids. In one, according to the Journal’s unnamed sources, the private equity firm would acquire Yahoo’s core business, and the Daily Mail would take over its news and media properties. In another, the Daily Mail’s online operations would merge with Yahoo’s media and news businesses under a newly formed company.

Full content: WallStreetJournal

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