Magazine publisher Time Inc considering merging with Yahoo: Bloomberg

[February 23, 2016]  (Reuters) - Magazine publisher Time Inc <TIME.N> is considering a deal to merge with struggling Internet company Yahoo, Bloomberg reported, citing people familiar with the matter.

Time Inc, the publisher of Sports Illustrated, People and namesake Time has heard a presentation from Citigroup Inc <C.N> bankers on pursuing a deal with Yahoo, the Bloomberg report said. (http://bloom.bg/1mUM7lQ)

Last week Yahoo officially launched the sale of its core business, which includes search, mail and news sites.

(Reporting by Sai Sachin R in Bengaluru; Editing by Shounak Dasgupta)

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