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Time Inc. reportedly interested in merging with Yahoo

Yahoo! Inc. signage is displayed at the company's headquarters in Sunnyvale, California, U.S., on Thursday, Jan. 7, 2016. Yahoo! Inc. is planning to eliminate jobs as part of Chief Executive Officer Marissa Mayer's effort to cut costs and revive growth at the struggling web portal, according to a person familiar with the matter. Photographer: Noah Berger/Bloomberg via Getty Images

Time Inc. is said to be the latest company interested in some or all of Yahoo’s assets. Sources familiar with the matter tell Bloomberg that Time Inc., which owns Sports Illustrated, Time, Fortune and People magazines, has heard a presentation from Citigroup bankers on Yahoo’s behalf. If true, Time Inc. …

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