Time Inc. wants Yahoo, but it doesn’t quite have the firepower to do so. In an effort to solve that issue, the publisher is considering joining forces with a private equity firm to make a bid.
While Time Inc. is worth roughly $1.6 billion, Yahoo’s businesses are expected to go for several billion. That’s a big leap to take, but Time Inc. is inching closer to the edge. According to Reuters, Time Inc. has signed a non-disclosure agreement with Yahoo that forbids interested companies from communicating with each other.
Despite signing that contract, Time Inc. hasn’t selected a private equity firm. The publisher is hoping Yahoo allows partnerships after April 11, when first-round bids are due.