The Daily Mail newspaper owner is now considering a bid for struggling yahoo, a US internet company.
According to the spokesman who agreed to talk to the AP news agency, the discussions were considered to be at their very early stage hence there are no certainty that there is any deal that was going to take place.
On the other side, according to the Wall Street Journal where this issue was reported, the Daily Mail and General Trust had held a talk with private equity companies concerning the offer.
Yahoo is now being pressurized by the shareholders to turn itself around.
Recently, a call for the replacement of the entire board at the loss-marking firm was made by the activist hedge fund investor standard board.
The Daily mail has been in several discussions with many parties who are considered to be potential bidders. This is according to the Daily mail owner’s spokesman.
The individuals who are familiar with the matter are being cited by the Wall Journal as they say that there are two possible forms which the bid could take.
One of the scenarios has it that a private –equity partner would be in need of yahoo’s score web with the properties of the news and media being taken over by the Mail.
Also, in another scenario, the private-equity firm would need to acquire the core web business of yahoo and merge the Mail’s online operation with the media and news properties.