Since the summer, Yahoo has reportedly been considering a bid for CNN or Scripps. Market changes are make the cable companies more vulnerable to a takeover, and Yahoo is sitting on a ton of money
following Alibaba’s IPO. While synergies exist, “It seems pretty unlikely that Yahoo and Scripps will merge anytime soon,” Business Insider suggests. “It would probably cost
Yahoo at least $15 billion to buy Scripps today.” Meanwhile, despite Tom Dolan’s recent prediction in The Information -- a CNN deal seems even less likely.
Read the whole story at Business Insider »
