Time Inc likely to merge with Yahoo

Time Inc likely to merge with Yahoo
Highlights

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,

London: 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.

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