Remember the early days of the Internet?
*Shudders*
You know, when MSN Messenger was how you kept in touch, MySpace was the way to your first record deal, and people still thought Ask Jeeves was a clever name. Well, another relic from that far-flung time is back in the news: Yahoo.
One of the original search engines, Yahoo may soon see it self deleted altogether.
First reported by The Wall Street Journal, discussions are currently underway between the Daily Mail and private equity firms regarding a potential offer for the company.
“Discussions are at a very early stage,” said a Daily Mail spokesperson.
The purchase would include Yahoo’s subsidiaries, including photography website Flickr and blogging site Tumblr. And while Yahoo is obviously still in control of the sites, a fresh change in leadership may revamp these platforms.
At one point in history, Yahoo was worth a whopping $255 billion (though that was 16 years ago), when the World Wide Web was a young, promising innovation. The failing company is now worth approximately a ‘measly’ $4.3 billion, excluding its Asian assets (which are substantial), according to a Cantor Fitzgerald analyst.
“Yahoo never really recovered from the dot-com bust,” David Goldman CNN technology editor.
It was only three short months ago Yahoo announced cuts from their workforce (1,700 to be exact). Other potential offers may come from companies such as Google and TIME Inc.
Although Yahoo CEO Marissa Mayer, who tool over the leadership role of the company in 2012, has done her outmost efforts to keep the company alive (and also start a paternity debate), investors insist on selling the company.
Mayer’s reckless spending isn’t showing much reward. Want proof? Take a look at Yahoo’s stock value.
According to CNN, “Yahoo has reportedly given interested parties until April 18 to make their final offers.”
Newspapers aren’t alone when it comes to media outlets dying a slow death. In the age of competition, anyone is at risk. The fight for companies to stay relevant and keep advertisers is an ongoing challenge.
It turns out Yahoo may not have all of the “Answers” after all.
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