Yahoo To Be Sold Out To Media Company


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Jul 10, 2016

Yahoo To Be Sold Out To Media Company

Yahoo! as we all know that is one of the most popular and used mailing system. But now, yahoo is going down on it worth. On the off chance that you dont know, Yahoo in 2000 was worth about $255 billion. But now, Yahoo is now worth about $34 billion. No condition is permanent, see how might yahoo has been devalued. Yahoo is now up for sale and bidders have been bidding.

Big companies that are interested in acquiring Yahoo are media companies, such as the Daily Mail and Time Inc. Other companies such as Verizon, Quicken Loans, TPG are also bidding. Companies have been bidding about $3.5 billion to over $5 billion.

Word has it that Mozilla is set to benefit from this sale. In 2014, Yahoo had a pact with Mozilla to be their default search engine. Part of the deal states that, if Yahoo gets sold, Mozilla can chose to find other partners, and yet receive annual payments of $375 million until the end of 2019.

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