News

Yahoo Web could soon belong to Google

The tech industry is currently abuzz with an on-going bidding battle on Yahoo’s Web business. Verizon Communications Inc. have expressed interest in the matter. While according to sources, Google is also weighing their options on this possible acquisition.

News about Yahoo not doing to well have been afloat for quite some time now. Picking up on these rumors, Product Hunt even went for a very successful troll by announcing they had acquired Yahoo. While that was just an April Fool’s prank, this new bid for Yahoo’s Web business is very much real. Yahoo launched an auction of its core business in February after it shelved plans to spin off its stake in Chinese e-commerce giant Alibaba.

After Yahoo extended the deadline for first-round bids by a week, several potential bidders have come forth. Verizon, who are also planning to acquire Yahoo Japan Corp., appear to have already planned to go ahead with a first-round bidding. Alphabet’s largest subsidiary Google is currently mullling a bid for acquiring the Internet giant’s web branch.

Microsoft Corp., which failed with a hostile bid for Yahoo in 2008, won’t be bidding this time. Time Inc. and private equity funds Bain and TPG appear to be evaluating their bid while AT&T Inc. and Comcast have backed out.

Image Source – The Next Web

Sponsored
Maryam Dodhy

I love bringing to light stories of extraordinary people working in Pakistan's tech and startup industry. You can reach out to me through maryamdodhy@techjuice.pk.

Share
Published by
Maryam Dodhy
Tags: GoogleYahoo

Recent Posts

Yahoo Surprises Users with Its Latest Android Launcher

Third-party apps have long been a staple of the Android ecosystem, but their appeal has…

1 hour ago

Phase-II Review of PTCL-Telenor Deal Finalized by CCP

ISLAMABAD: The Competition Commission of Pakistan (CCP) has completed its Phase-II review of Pakistan Telecommunication…

1 hour ago

Xiaomi’s SU7 Achieves New Production Record, Driving Q3 Growth

Xiaomi has shattered records by producing 100,000 vehicles in just 230 days. This is nearly…

3 hours ago

Teachers Can Now Access OpenAI’s Free AI Course

OpenAI, in collaboration with nonprofit organization Common Sense Media, announced on Wednesday the launch of…

4 hours ago

WhatsApp-Inspired Updates Under Testing in Google Messages

Google is exploring a revamped image-sharing interface in its Messages app, taking cues from WhatsApp…

4 hours ago

Create AI Video Backgrounds with YouTube Shorts’ Dream Screen

When it comes to online video streaming, YouTube is among the most well-known options. Every…

4 hours ago