Buyers now have to be wary of Yahoo as reports claim the firm’s financial prospects are even dimmer than people thought.
Yahoo’s revenue is expected to drop 15% and earnings to decline more than 20%, according to the investigation conducted on the firm’s finances.
In February, Yahoo started looking for a buyer for its core businesses, including search, mail and news. The deadline for initial bids is Monday, April 11, according to Re/code.
The company expects to lose over a thousand employees this year, from 10,500 in 2015 to 9,000 at the end of 2016. But even with far fewer heads, Yahoo’s stock-based compensation will continue to hit $400 million.