Publisher of Sports Illustrated and People could opt for tax-free deal that would not include CEO Marissa Mayer, according to report
Time Inc, the publisher of Sports Illustrated, People and Time magazine, is considering a deal to buy the core business of Yahoo Inc, Bloomberg reported, citing people familiar with the matter.
Time has heard a presentation from Citigroup bankers on pursuing a deal with Yahoo, the Bloomberg report said, adding that Citigroup had not been retained by Time.
Related: Yahoo board hires investment bankers to explore selling its internet businesses
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