What will be of interest will be some sort of news on the bidders’ front
IFM Correspondent
April 19, 2016: Yahoo is all set to announce its first quarter earnings on Tuesday April 19. But perhaps, this is the first time in its history that not many will be keen on its top line or bottom line figures.
What will be of interest to many will be some sort of news on the bidders’ front. For starters, Yahoo had set April 11 as the deadline for preliminary bids. Suitors were expected to explain which parts of Yahoo’s business they wanted.
The struggling web portal’s biggest assets are its investments, including its stake in social networking website Tumblr and Chinese ecommerce giant Alibaba.
Various reports by experts suggest Verizon to be the frontrunner for Yahoo. According to a report by CNBC, analysts are betting on Verizon especially after its $4.4 billion acquisition of AOL in June 2015.
Earlier in February while reporting its fourth quarter earnings, investors were hoping that Yahoo will provide some clarity on its future course of action. However, all that its CEO Marissa Mayer had said was “we are open to all options”. As a result, Yahoo’s stock had fallen to a 52-week low.