Morning Update: Will Daily Mail buy Yahoo?; Apple’s NBA laughs; Facebook to offer branded content; publisher’s guide to lay-offs

BBC News: Yahoo: Why would Daily Mail or anyone else buy net firm?

Recently, there have been more stories about Yahoo shutting bits of its business than celebrating successes. The firm’s own internet services are now valued to be worth a fraction of its stake in the e-commerce giant Alibaba.

So, after the US tax authorities effectively blocked Yahoo’s sales of shares in the Chinese business, chief executive Marissa Mayer opted for plan B: sell off Yahoo’s core business. Since February, dozens of US-based companies have been linked to a potential bid.