Apr 16, 2016 06:58 AM EDT

Yahoo Sale News: Is This The End For The Web Giant? Daily Mail Aims For Growth In U.S.

According to recent Yahoo sale news, the list of companies vying for the web giant's assets is getting longer. The latest group to express its interest in the bid is the Daily Mail.

Tech Radar reported that, in its glory days, Yahoo was almost as synonymous as AOL when people talked about the Internet. However, the collapse of the dot-com era left the company's assets and investments with an extremely low value.

Moreover, the web giant was not able to take advantage of search engines, which would have given it the most profit. Instead, Yahoo opted to lease its searches to Google, a startup then, in 2000.

In 2002, the company tried to acquire Google for $3 billion but was unsuccessful since the latter declined. Yahoo then started its own search engine with sponsored links two years after. Unfortunately, Google had already taken over the market.

The Yahoo sale news revealed that the company is asking for a $10 billion starting price for interested bidders. This is believed to be based on the website's continued strength in the market outreach and brand.

Previous Yahoo sale news reported that Verizon may be planning to kick out Marissa Mayer if it succeeds in buying the company. The telco will be making their bid this week.

AOL boss Tim Armstrong and executive vice president Mari Walden could be replacing Mayer. They will reportedly run both Yahoo and AOL.

"This may be the end of Yahoo as we've known if for 21 years, but it's really just the beginning of a whole new chapter for the once-great firm," Tech Radar added. The Yahoo sale could only bring two outcomes for the company: a happy new beginning or a sad ending.

Meanwhile, USA Today noted that Daily Mail's interest in the Yahoo sale is the company's way to prioritize their growth in the U.S. Discussions on the matter are still at an early stage.

Get the Most Popular Jobs&Hire Stories in a Weekly Newsletter
© 2017 Jobs & Hire All rights reserved. Do not reproduce without permission.

Join the Conversation

Real Time Analytics