Time Inc Considers Possible Deal to Merge with Yahoo

Bloomberg: Time Inc.’s small size isn’t stopping it from pursuing an acquisition of Yahoo’s core business. The $1.5 billion magazine owner is said to have heard a presentation from Citigroup bankers on pursuing a deal to merge with Yahoo. The idea is believed to be of real interest to Time Inc. CEO Joe Ripp. Time Inc. would be competing with giants such as Verizon and AT&T for Yahoo, putting itself squarely in an underdog role.