WASHINGTON: The owner of the Daily Mail newspaper is in talks with other parties about a bid for the struggling US internet company Yahoo.
A spokesman said discussions were “at a very early stage” and there was no certainty a deal would take place.
The Daily Mail and General Trust (DMGT) was discussing an offer with private equity firms. Yahoo is under pressure from shareholders to turn itself around.
The activist hedge fund investor Starboard Value recently called for the replacement of the entire board at the loss-making company.
The spokesman for Daily Mail said: “Given the success of DailyMail.com and Elite Daily we have been in discussions with a number of parties who are potential bidders.
“Discussions are at a very early stage and there is no certainty that any transaction will take place.”
