Yahoo! is For Sale and Bidders are Lining up
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The once great Internet search engine is up for sale. Even though Melissa Mayer would like to see the sale though, investors are growing very impatient with her and she maybe gone within weeks or even days.
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The company has given interested parties until April 18th to make an offer. The company is expected to get somewhere in the ballpark of $8 Billion for its core Internet business.
Who’s interested? Companies such as TIME, Inc., Daily Mail, Google, Verizon (which currently owns AOL) and Microsoft have expressed interest.
What happens after the 18th? Yahoo! could either except all or none of the bids. If the company decides not to accept any of those bids, it could look elsewhere.
What will happen to Mayer? Either way, leading sources are telling us that “she is toast” and maybe out even sooner than the final sale.
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