NEW Y, July 18 (UPI) -- Yahoo Inc. on Monday posted another big quarterly loss, worsening its position to potential buyers.
The 19 percent loss in the second quarter -- the sixth loss in the last seven quarters -- is the biggest quarterly loss suffered under current CEO Marissa Mayer who became head of the company four years ago.
Potential buyers for the internet company are being narrowed down as the third round of bids also came due on Monday. One of the buyers said the company expects to be sold by the end of the month.
Mayer said she would soon update shareholders on the status of the sale.
The latest quarterly loss is a further embarrassment to Mayer who came to Yahoo from Google as one of the country's most high profile executives and most celebrated after announcing she would take virtually no maternity leave.
Mayer also inherited a company that was in transition and struggling to figure out what it should be in 2012. There have been failed acquisitions, failed programs like Katie Couric's and charges of Mayer being unfocused.
Any bid of $5 billion or more Yahoo should jump on, said Colin Gillis, an analyst for BGC Partners. Anything above $7 billion is a "positive development," he said.
"Yahoo is over in our eyes," he said.