Low Ball Bids Come In As Yahoo Sale Enters Second Phase
Yahoo, the American multinational technology company headquartered in Sunnyvale, California is being auctioned off, but unfortunately the company is not seeing bids high enough to meet their expectations.
Rumored bidding front runner, Verizon Communications, is reportedly offering a bid in the 2-3 billion dollar range, a far cry from the 4-8 billion dollars Yahoo had expected to receive just last month.
Now that the auction of the tech giant is in the second stage it’s possiable that the bidding companies are simply trying to “low ball” their offers to secure the best value for their money.
According to financial analyst Brian Wieser, “the problem is, this business requires a lot of ongoing investment” and this simple fact could be the reason behind the lower than expected offers. Yahoo’s shares dropped in early trading, chipping away at its 11 percent gain this year and with slow growth in nearly every sector you can see why the bids for the tech giant aren’t exactly rolling in with higher values.
Marissa Mayer was hired as Yahoo’s CEO with hopes that she could revive the company, but things just didn’t seem to work out. The growth that she had been hoping for in ads, video, and even mobile has been slowing down significantly.
With the next round of bidding conversations just 2 weeks away Yahoo will have to try very hard to prove its worth to its potential buyers.
Check Out Kylie Jenner’s New $6 Million Mansion!
-
Ken Griffin, the founder and CEO of Citadel, emphasized the importance of prudence in the Federal Reserve’s strategy regarding...
-
Michael Saylor, a prominent figure in the world of cryptocurrency, has seen significant gains this week as the value...
-
The Office for National Statistics (ONS) released official figures on Wednesday, revealing that the United Kingdom posted a record...
-
Neuralink Makes a Major Breakthrough with Patient A patient who has received a Neuralink brain implant can now control...
-
As scrutiny intensifies, Fujitsu faces repercussions for its role in the Post Office scandal. The UK government has issued...
-
America’s Favorite Car, the Camry, Takes a Green Turn with Hybrid-Only 2025 Model. In a groundbreaking announcement, Toyota, the...
-
Rishi Sunak stresses the need for external control in managing AI risks at the AI Safety Summit. UK Prime...
-
Tech Billionaire Proposes Renaming Wikipedia to ‘Dickipedia’ in Exchange for Record Donation In a recent social media spectacle, tech...
-
Urgent IMF Deal Needed to Prevent Pakistan’s Economic Collapse, Bloomberg Warns Bloomberg, a renowned US-based financial news service, has...
-
Federal student loan borrowers are in a tough situation as the pause on loan payments, implemented during the pandemic,...
-
A recent investigation by the Wall Street Journal has exposed Instagram’s alleged involvement in facilitating illegal activities, particularly concerning...
-
Silicon Valley Bank’s Acquisition Fallout: Rising Unemployment and Uncertain Future First Citizens BancShares Inc., the new Silicon Valley Bank...