Peter Chernin, chairman and CEO of The Chernin Group and the former president and chief operating officer of News Corp., is said to be interested in acquiring Yahoo!’s search business. Analysts have valued Yahoo!’s Web businesses at $3.9 billion.
The New York Post quotes a source close to talks saying: “Peter has been having conversations about it.” The report notes that Yahoo!’s board has been deliberating over selling its media and search business.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.
Verizon and SoftBank have also been mentioned as potential buyers, according to the report, which cites sources saying SoftBank does not appear to be interested.
“Chernin is a Twitter board member and has a joint venture with AT&T to build assets in streaming video, ” the Post report notes. “Telecom firm AT&T watched its rival Verizon scoop up Web utility AOL recently.”
READ MORE: Peter Chernin
The Syfy network is adding a futuristic prison drama to its slate of programs in development, a report said. The network is teaming with Craig Borten, Peter Chernin and Fox Television Group’s cable division Fox More…
The hugely successful television and movie producer Peter Chernin is close to renewing his film deal with Fox Studios, according to the Hollywood Reporter. But he may look to take his television production company More…
Peter Chernin is teaming up with AT&T to invest $500 million in a new “over the top”video service which will compete with traditional pay television services. – – Alternatives to traditional More…
– The Chernin Group is set to pay out around $100 million for the web video site specializing in producing short Japanese animated films. – Peter Chernin / Getty – Peter Chernin, through the fund that More…
