Verizon ready to afford the Internet activities of Yahoo! for $ 3 billion

by bold-lichterman

The Yahoo! will he find a buyer? According to Wall Street Journal, the American communications group Verizon plans to submit a takeover offer that would relate to the Internet activities of the firm of Marissa Mayer. The offer is said to be worth around $ 3 billion (€ 2.6 billion) and is expected to be submitted by Monday.

Verizon was already one of the names regularly cited in the press for this possible acquisition. For the operator, taking over the Internet activities of Yahoo! could be part of its strategy which aims to strengthen in online content, this one having already led last year to the acquisition of AOL for 4.4 billion dollars. Complementarities between the two structures could therefore be considered. But Verizon would not be alone in the running since other players would potentially be interested, such as venture capital firm TPG.

Spin off activities in December

It has been several months since Yahoo! has started discussions to find potential buyers. The company, which has yet tried to diversify its activities in recent years – as with the takeover of Tumblr in 2013 for more than $ 1 billion – is indeed encountering difficulties. When publishing its financial results for the first quarter of the year, Yahoo! reported lower revenue, to $ 1.087 billion, for a loss of $ 99 million, as the company posted a profit of $ 21 million a year earlier in the same period.

As a reminder, last December, Yahoo! had ad in a press release a “spin off”. The objective was then to separate the core of its activities – which includes its portals or its e-mail service – and its participation in Alibaba, the Chinese e-commerce giant.