Daily Mail says it hasn’t submitted a bid to buy Yahoo!

Yahoo and the Daily Mail

Daily Mail & General Trust PLC has not submitted a bid to buy Yahoo! although the company remains in talks with interested parties.

In a statement the global publisher of the Daily Mail newspaper and Mailonline.com said that it has no further comments about a potential Yahoo! bid.

DMGT has been working to grow its celebrity-focused website Dailymail.com in the US.

During its full year results, the company said it would focus on building a bigger US audience “alongside gaining traction with its US advertiser base.”

While DMGT is best known for its newspaper and website, it draws most of its revenue from business publishing and information activities.

Yahoo! in the meantime continues to entertain bids. Some analysts believe the most likely acquisition offer will come from Verizon.

Last year Verizon purchased AOL to help build its advertising base in the United States.

Yahoo! CEO Marissa Mayer said on Tuesday that her executive team is meeting daily to discuss potential sales offers and possibly find a way to spin-off the company’s core business.

Markets See Gains As Some States Gradually Reopen

Mayer’s future at the company after a possible sale is still uncertain, although most analysts seem to agree that she will be fired upon completion of a deal.

Written by Franklin Simmons

Franklin Simmons

Franklin Simmons is BusinessPundit's Tech Editor. His life is consumed with a love of augmented reality, mobility, and emerging technology. He extensively covers all areas of technology, including the computing, automotive, and healthcare sectors.