Twitter is reported to be the latest suitor eyeing up Yahoo! for a possible sale, according to reports.
Chief exec Marissa Mayer talks about a possible merger of the companies, sources told the New York Post.
Mayer is in line for a $55m payout following the web company's sale. Net earnings for Yahoo's first quarter in 2016 plunged into the red, with the company recording a loss of $99m - a 568 per cent drop from the previous year.
Sales at Yahoo plummeted by 18 per cent to $859m for the three-month results posted in April.
“Twitter is the destination for instant news, and Yahoo has a lot of eyeballs on its site,” one source told the paper. “The idea isn’t as crazy as you might think.”
“When your CEO doesn’t show up for a management meeting, you have to wonder how serious it was,” the source said, adding that Twitter’s interest wasn’t driven by “some huge thesis — it was a flyer.”
However, Twitter is also struggling to please investors and the stock market.
In its first quarter results the biz recorded revenue of $595m, up 36 per cent year-on-year, but below the average analyst expectation of $607.8m.
In April The Daily Mail Group Trust confirmed it is discussing a bid for Yahoo, one of a number of suitors to be eyeing up the troubled biz.
In a statement, the DMGT said: "Discussions are at a very early stage and that there is no certainty that any transaction will take place. We have no further comment at this time. Further updates will be provided as appropriate."
At the time the group was one of 40 parties rumoured to be interested, including Google parent Alphabet, Verizon and Time.
Both Yahoo and Twitter declined to comment on the latest rumours. ®