LONDON–U.K. media group Daily Mail & General Trust PLC (DMGT.LN) said it is in preliminary talks with a number of investors about a possible bid for Yahoo Inc.
“Given the success of DailyMail.com and Elite Daily, we have been in discussions with a number of parties who are potential bidders,” a spokesperson for DailyMail.com said on Monday, confirming the talks which were first reported by The Wall Street Journal on Sunday.
The spokesperson said discussions are at a very early stage and that there is no certainty that any transaction will take place. “We have no further comment at this time. Further updates will be provided as appropriate.”
The Wall Street Journal reported that Daily Mail & General Trust, the parent company of the Daily Mail, is in talks with several private-equity firms about a possible bid for Yahoo Inc., citing people familiar with the matter.
Yahoo has held meetings with a select group of bidders, including telecom giant Verizon Communications Inc., IAC/InterActiveCorp and CBS Corp., one of the people familiar with the matter said.
A spokeswoman for Yahoo declined to comment on the sale process.
–Lukas I. Alpert and Douglas MacMillan contributed to this article
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