Altaba Inc (AABA)

[mick]

According to some pages from the "book" that Yahoo (NASDAQ:YHOO) bankers have given out to prospective buyers, the financial situation at the Internet company is becoming "increasingly dire," writes Re/code’s Kara Swisher. In one slide showing expected results for 2016, Yahoo estimates that revenue will drop roughly 15% and earnings by greater than 20%. Meanwhile, EBITDA has moved from $1.4B in 2014, and just below $1B in 2015, to $750M in 2016. Initial bids for Yahoo are due Monday.