Newspaper article International New York Times

Yahoo's Suitors in the Dark about Financial Details

Newspaper article International New York Times

Yahoo's Suitors in the Dark about Financial Details

Article excerpt

Potential buyers for Yahoo's businesses are wondering just what is for sale.

As Yahoo prepared to accept first-round bids for its core Internet business on Monday, potential buyers found themselves facing one big problem: How do you value a company with a declining business when the company appears reluctant to share vital financial details?

In meetings and phone calls with potential bidders, Yahoo executives have offered gloomy financial projections for the current year, but have refused to discuss the outlook for 2017 or answer questions about crucial aspects of the business. Some of the three dozen or so potential suitors have even questioned what is truly for sale.

A 90-slide presentation shown to potential Yahoo bidders is dense with figures, but even people familiar with the company's operations have struggled to make sense of them. …

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