Yahoo has sent letters to a number of potential buyers for the patents, which date back to when the company was founded in 1996 and include its original search technology.
The outfit, according to the Wall Street Journal, has set the deadline for bids for the patents for mid-June.
In March, Yahoo said it would explore the sale of $1 billion to $3 billion of patents, property and “non-core assets.”
Yahoo appears to be on its way out. It is flogging off aspects of its core business and now getting rid of its key patents appears to be part of the end. It will continue to exist of course. It is making huge amounts of money from its cash investment in Japan and China.