Yahoo is up for sale!! Guess who’s buying ?

If you didn’t know before now, Yahoo is dying. As at 2000, the company was worth $255 billion. Today, they are valued at about $34 billion. See how the mighty have fallen. There is pressure to sell off Yahoo, and bidders are already submitting offers.

Yahoo

People interested in buying include media companies, such as the Daily Mail and Time Inc. Other companies such as Verizon, Quicken Loans, TPG are also keen on bidding. Offers have already been made, ranging from $3.5 billion to over $5 billion.

Word has it that Mozilla is set to benefit from this sale. In 2014, Yahoo had a pact with Mozilla to be their default search engine. Part of the deal states that, if Yahoo gets sold, Mozilla can chose to find other partners, and yet receive annual payments of $375 million until the end of 2019.

Source 1, Source 2

Etoniru Chibueze

Chibueze is an award-winning gadget reviewer and geek. He loves research, while living and breathing tech. You can reach him on Facebook, Twitter ,OR LinkedIn

3 thoughts on “Yahoo is up for sale!! Guess who’s buying ?

  • July 9, 2016 at 12:50 pm
    Permalink

    part of the deal states that, if Yahoo gets sold, Mozilla can chose to find other partners, and yet receive annual payments of $375 million until the end of 2019

    Sweet deal. Hanging that liability on the neck of the future buyer. Whoever buys Yahoo would thus add that amount to the actual purchase price.

  • July 9, 2016 at 4:30 pm
    Permalink

    only part of Yahoo is being sold, the holding company with Ali Baba shares is not being sold

Leave a Reply

Advertisements
Advertisements