Yahoo, angling to remake itself in an increasingly mobile world, could be considering a bold deal to buy news network CNN, or another major cable network.
Media reports are beginning to swirl around the idea that CEO Marissa Mayer is possibly on the hunt to acquire a media property, such as Scripps Networks Interactive, or possibly Time Warner’s CNN. Renewed speculation kicked off at the end of 2014 with a piece by The Information’s Tom Dotan entitled “Why I’m betting on a Yahoo-CNN marriage.” Business Insider followed up with a story that said two sources, former employees at Yahoo, told the publication that Yahoo considered a deal for Scripps during a period of time when Mayer and other executives thought Yahoo would have billions to spend following the initial public offering of Alibaba BABA, a company Yahoo had held a stake in for years.
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