Maria Gabriela Arteaga
Verizon plans to make a first bid for the Internet business Yahoo next week and could further improve the proposal to raise acquire the stake of Yahoo Japan, reported yesterday sources close to the company.
Another source said that Google, the main division of Alphabet, is also considering a bid for the main business of Yahoo, currently in wide restructuring as a result . of falling sales services based on the web that has led to cut costs under pressure from its shareholders
for its part, aT & T and Comcast, potential buyers have chosen to time by marginalizing the process but the decision is not yet public. Microsoft, which already failed to 2008, also will join the auction at this time, said another source
Time still being evaluated while Bain and TPG, private equity funds, among others. – , be planning to join the race, either by themselves or by supporting a strategic buyer.
the first round of bids for the most important asset of the company has been set for April 11.
After learning the information about a possible bidding war, shares of Yahoo jumped 3.6% to US $ 37.2. However, the roles of technology began a cycle of volatility and finished trading at a low of 0.95% at US $ 36.66.
According to information provided by Yahoo to potential bidders, their projected revenue fall almost 15% and profits over 20% by 2016.
Three consultants
Verizon and its subsidiary AOL are working on the bid yahoo with at least three financial advisers, indicating that the company is seriously interested in acquiring considering even that late last year announced its interest in buying part or all of the media consortium.
Verizon, with a market value of about US $ 213 billion, offer also buy Yahoo Japan to sweeten its proposal and then give his participation in the Japanese unit to shareholders or sold in the market, as revealed sources . Bloomberg
for its part Yahoo, based in California, would prefer to sell 35.5% of the shares of its Japanese subsidiary, valued at US $ 8,500 million, with the main business; so Bloomberg reported last month. But the high value of the combined assets would make it more difficult for private equity firms to finance a commitment by both parties.
Mala streak to Yahoo
Verizon would value the core business of Yahoo in less than US $ 8 billion and as well as other private equity firms, met with Microsoft last month for talks on a potential financing offer.
the company’s shares have fallen 20% in the last twelve months, while efforts Marissa Mayer, executive director of the company, to take forward the company stagnated. Consequently, Yahoo was vulnerable to its most aggressive investors.
Last month, the financial director of the US conglomerate, Ken Goldman, said the committee of the board working on a possible sale of its main operations “is more active than anyone could believe.”
the company shareholder Starboard Value, former critic of Yahoo, said in March it was dissatisfied with the leadership of Mayer, and called for a renewal of the board.
Verizon replace Mayer with the current CEO of AOL, Tim Armstrong, and executive vice president of Verizon, Marni Walden, who handled jointly Yahoo and AOL.
Facebook messenger mark milestone
the popular messaging application Facebook reached 900 million active users per month, 100 million more than in early 2016, as part of the offense of mark Zuckerberg and his team for making the social network not only a personal tool, but also professional, serving business.
yesterday announced new forms such as the use of custom users and links accounts- for users to find companies with which they wish to establish direct communication
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