Tuesday February 23, 2016

Time Inc Explores Bid For Yahoo's Core Business

An anonymous source "familiar with the situation" claims that Time is looking into acquiring Yahoo's core internet business. I'm not sure why Time is out shopping for companies like MySpace and Yahoo, but they all seem right for each other. Don't they? wink

Time Inc has been reaching out to bankers on pursuing a deal with Yahoo, according to the source, who wished to remain anonymous, not being permitted to speak to media. Time Inc, which has seen print advertising dollars dry up in recent quarters, has been trying to boost its digital presence through acquisitions of online properties, saying this month it would buy social networking pioneer MySpace.