Daily Mail owner of Yahoo is considering a proposal

The owner of the Daily Mail pending US struggling Internet company Yahoo.

The representative told the AP news agency, that the discussions were "at a very early stage," and there was no assurance the transaction will take place.

The Wall Street Journal, where it was first reported, said the Daily Mail and credulity (DMGT) is in talks with private equity firms to offer.

Yahoo is under pressure from shareholders to turn around.

The activist investor Starboard Value hedge fund recently called for the replacement of the entire board in a loss-making company.

Daily Mail owner's representative said that "it was in discussions with a number of parties who are potential bidders".

The Wall Street Journal, citing people familiar with the matter, said that the potential rate can take two forms.

Deadline

In one scenario, the private equity partner will acquire basic internet business Yahoo, with mail taken over the news and media properties.

In another scenario, the private-investment company will acquire the main web business and Yahoo to combine their media and news features from Mail online operations.

Yahoo set a deadline of April 18 for the parties concerned to submit their proposals.

Time Inc also reportedly weighing a bid with private equity firm.

Earlier this year, Yahoo said it would cut 15% of its workforce as part of "aggressive" plan Chief Executive Marissa Mayer, to return the company to profit.

The company has struggled to compete with rivals such as Google and Facebook.

Its shares have fallen about 30% since the end of 2014.