Magazine publisher Time Inc is considering a deal to merge with struggling Internet company Yahoo, Bloomberg reported, citing people familiar with the matter.
Time Inc, the publisher of Sports Illustrated, People and namesake Time has heard a presentation from Citigroup Inc bankers on pursuing a deal with Yahoo, the Bloomberg report said.
Last week, Yahoo officially launched the sale of its core business, which includes search, mail and news sites.
About the author
Research Associate at Center for Islam and Global Affairs (CIGA) at Istanbul Sabahattin Zaim University
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