Business

Yahoo’s Internet Business attracts bidders

Photo/au.news.yahoo.com
Photo/au.news.yahoo.com

Yahoo Internet Business has attracted potential bidders who range from Media & Telecommunication giants to private-equity firms. Such buyers include Verizon communications Inc. & Barry Diller’s IAC/Interactive Corp.

Yahoo Internet Business is valued at $ 1.9 billion excluding cash at hand. The successful bidder will benefit from 200 million monthly Yahoo visitors from the U.S though it is also reported Yahoo is reluctant to sell. For instance, if Verizon will acquire the Yahoo Internet Business, it will have to restructure in order to bolster its growing advertising technology business.

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