Nearly four years after she took over as Yahoo CEO,Marissa Meyer could net a $110m payoff if she is pushed out in a rumored takeoverUS telecoms firm Verizon is reportedly planning to make a first-round bid for Yahoo’s web commerce next week, Bloomberg has reported, or with Googlealso considering bidding for Yahoo’s core commerce.
The potential bid for the enormous but troubled web portal comes hours after it was reported that Yahoo has been circulating financial documents to prospective buyers. Tech news site Re/code reported that the documents showed the “financial situation at the Silicon Valley internet giant is fitting increasingly dire.
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Source: theguardian.com