Yahoo appropriate contacts with potential buyers – Reuters

Yahoo appropriate contacts with potential buyers

Among the eligible candidates on the list for the activities of the company led by Marissa Mayer, there are giants of telecoms such as Verizon, Comcast and AT & amp; t. In total would be 20 interested companies

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Yahoo! warms up for the sale of its core activities. The company led by Marissa Mayer assumes financial advisor and develop appropriate contacts with potential buyers. The process – according to rumors – will not result in concrete offers within a month. Among the eligible candidates on the list for the Yahoo! activities there are the telecommunications giants like Verizon, Comcast and AT & amp; T, but also private equity firms including Bain Capital Partners, KKR and TPG. In total would be 20 companies that would have expressed interest in Yahoo !.

The initiation of contacts pushes Yahoo! securities on the stock exchange, where they arrive to gain 1.6%. The Yahoo! shares have lost 10% since the beginning of the year after -34% in 2015, with the company worth $ 28 billion. An agreement to investors would represent a wait brightened the future of Yahoo! which, according to many, has to reinvent itself and change radically, after years of losing ground against its main competitors. After years of hardship, Yahoo! has hired a few days ago Goldman Sachs, JPMorgan and Pjt partners as financial advisor, also creating a committee of independent members of the board to explore strategic options.

A decision that comes after repeated thoughts about stake in Alibaba and a number of stimulus packages that have not been successful. The last, to gain time, it was announced with the fourth quarter and aims to make it more streamlined and agile Yahoo! to meet new challenges. A weight loss diet that results in cutting 15% of jobs.

The focus is now on how many Yahoo! offers can attract and their value. The telecommunications giants have already shown their interest a company like Yahoo! in fact fall in Verizon expansion logistics, Comcast and AT & amp; T. This last, according to rumors, would be ready to invest this year $ 10 billion in the division that provides services to global companies, also for strengthening of new markets.