Yahoo confirms 11 April deadline for preliminary bids of core web businessBy Robin-Leigh Chetty 29 March 2016 | Categories: news
Late last year, reports suggested Yahoo would be selling off parts of its core business, amid the company's struggles to stay on par with its competitors. Since then, Yahoo has resided itself to bidding off some of its core web business. Now an official deadline has been scheduled for preliminary bids, with 11 April the cut off date.
Yahoo sent out letters to prospective buyers a few weeks ago, asking them to detail which parts of its web business they are looking to purchase, as well as for what price. According to The Wall Street Journal, to aspects of Yahoo's web business are viewed as the most tempting - Yahoo's stake in Alibaba and Yahoo Japan.
Along with potential bidders detailing what they are looking to buy, Yahoo is also asking them to explain how they will finance their purchase. As such, it has led some to believe that Yahoo is in dire need of new funds. More importantly, it raises questions about what Yahoo's next steps will be. Will it look to diversify or will Yahoo consolidate its current efforts?
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