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!
-
As more games adopt the free-to-play model, the presence of “pay-to-win” tactics becomes an ever-present concern. After all, what’s...
-
A big part of the street kid culture that Splatoon 3 champions is making yourself seen all over your...
-
Secure your financial future with the 50/30/20 rule! As the cost of living continues to increase in 2023, managing...
-
I’ve been a member of the “Water Starters for Life” club ever since the first generation of Pokemon, so...
-
In many games in the Resident Evil series, you’re assigned a rank upon completion of the game’s story. These...
-
They say that when you love what you do, you’ll never work a day in your life. That’s a...
-
Have you ever had the distinct impression that your bed has it in for you? Weird thing to ask,...
-
For as long as the concept of RPGs has existed, there have been random NPCs screaming their heads off...
-
There’s something kind of magical about cassette tapes, isn’t there? Yeah, they don’t have the best storage or fidelity,...
-
Did you know that, in some parts of the world, rhinoceros beetles are actually worth a decent amount of...
-
As the remakes of the Resident Evil games have come out, Capcom has been gradually refining its proprietary RE...
-
In my experience as an office worker, every single employee always maintains a couple of hiding places. After all,...