HALISTER: Daily Mail Said in Talks With PE Firms for Yahoo Bid, WSJ Says

Daily Mail Said in Talks With PE Firms for Yahoo Bid, WSJ Says

(Bloomberg) -- Daily Mail & General Trust in talks with several PE firms on possible bid for Yahoo, WSJ reports, citing unidentified people familiar.
  • Potential bid could take one of two forms:
    • PE partner to acquire all of YHOO’s core Web business; Mail takes over news & media properties
    • PE firm buys YHOO core Web business and merges its news, media properties with Mail’s online ops
      • In second scenario, merged units would form new co. run by Mail, give larger equity stake to DMGT vs first scenario
  • NOTE: Verizon Said to Plan Bid for Yahoo as Google Weighs Offer
  • NOTE: Daily Mail & General Trust mkt cap GBP2.48b ($3.51b), Yahoo $34.2b: Bloomberg data
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
DMGT LN (Daily Mail & General Trust PLC)
YHOO US (Yahoo! Inc)

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