Talk Money: April 12, 2016
Britain's Daily Mail is looking at buying Yahoo.
Yahoo is one of the world's best-known internet brands. But it has been struggling to attract advertisers, especially since the rise of smartphones. It has lost out to the likes of Google and Facebook.
Meanwhile the Daily Mail is trying to reinvent itself. It is attempting to drive up advertising revenue from its websites to counter a fall in traditional print ads
So the Daily Mail is interested in Yahoo's news and search services.
Any deal would not include Yahoo's major asset - its stake in Alibaba.
Back in 2005 Yahoo paid US$1 billion for a 40 percent stake in Alibaba. It sold part of that stake back in 2012 for US$7.6 billion. Its remaining shares are now worth around US$30 billion.
Yahoo's entire market value is not worth much more than that.