STOCK MARKET BSE NSE

Daily Mail Says it Has Not Submitted Bid for Yahoo

The owner of Britain\'s Daily Mail newspaper says it has not submitted a bid to purchase the U.S. internet company Yahoo.

Published: 23rd April 2016 01:10 PM  |   Last Updated: 23rd April 2016 01:10 PM   |  A+A-

Yahoo_AP

A sign outside Yahoo's headquarters in Sunnyvale, California. |AP

By AP

LONDON: The owner of Britain's Daily Mail newspaper says it has not submitted a bid to purchase the U.S. internet company Yahoo.

The Daily Mail and General Trust PLC says that it remains in discussions with parties "who may potentially be interested in Yahoo."

Yahoo is under intense pressure to revive its fortunes even as advertisers pour money into digital marketing, with much of the business flowing to competitors like Google and Facebook.

Shares of Yahoo rose a further 3.2 percent Wednesday. Yahoo's shares have spiked nearly 30 percent since the company announced two months that it had formed a committee to consider a sale of its Internet operations

The Daily Mail is one of the 10 most visited newspaper websites in the world according to the Pew Research Center.

Stay up to date on all the latest Business news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp