Yahoo Looking to Sell About 3,000 Patents That Could Be Worth More Than $1 Billion

Yahoo Looking to Sell About 3,000 Patents That Could Be Worth More Than $1 Billion
Image credit: Reuters | Denis Balibouse | File Photo

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!
1 min read
This story originally appeared on Reuters

Yahoo Inc. has hired boutique investment bank Black Stone IP LLC to sell about 3,000 of the 's patents, the reported, citing people familiar with the matter.

The company has sent letters to a number of potential buyers for the patents, which date back to when the company was founded in 1996 and also include its original search technology, the report said. 

The deadline for bids for the patents has been set for mid-June by Yahoo, according to the Wall Street Journal.

In March, Yahoo said it would explore the sale of $1 billion to $3 billion of patents, property and "non-core assets".

Yahoo and Black Stone IP were not immediately available for comment.

(Reporting by Narottam Medhora in Bengaluru; Editing by Diane Craft)

More from Entrepreneur

We created the SYOB course to help you get started on your entrepreneurial journey. You can now sign up for just $99, plus receive a 7-day free trial. Just use promo code SYOB99 to claim your offer.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Entrepreneur Store scours the web for the newest software, gadgets & web services. Explore our giveaways, bundles, "Pay What You Want" deals & more.

Latest on Entrepreneur