Yahoo is ‘yesterday’s story’, its time is over: Analyst

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Yahoo has gone beyond its useful years and it's time is over, one analyst told CNBC on Wednesday.

Trip Chowdhry, managing director and senior analyst at Global Equities Research, told CNBC's " The Rundown " that from a fundamental point of view, no company will be interested in buying Yahoo, including Microsoft .

Last week, a report by Re/code said the software giant might be interested in financing the bids of private equity firms looking to bid for Yahoo.

"I think Microsoft will participate with any private equity firm or whoever wants to buy [Yahoo] so that they maintain their influence ... [and] continue to provide its Bing search on Yahoo properties," said Chowdhry, adding he doesn't see the company buying Yahoo.

Yahoo and Microsoft started a partnership in 2009, which was renewed in 2015, under which Microsoft pays Yahoo a percentage of Bing Ads revenue delivered from Yahoo searches.

In 2008, Microsoft had offered close to $45 billion for Yahoo , in a bid to combine and create a credible challenger to search rival Google . But Yahoo rejected the offer. Microsoft upped the bid by roughly $5 billion before withdrawing from the race after the new offer was rejected as well.

Microsoft said it has no comments to share at this point, when contacted by CNBC.

Yahoo has been in the spotlight in recent months amid halting efforts to restructure its business, especially after it called off plans to spin off its ownership stake in Alibaba. CEO Marissa Mayer has also come under fire.

Changing management, something that activist hedge fund Starboard Value is advocating will not fix the troubled company, said Chowdhry.

"You bring in another set of strategies, which are doomed to fail," he said.

Chowdhry added one company that might consider a bid is Alibaba. Yahoo currently has a stake in the Chinese e-commerce giant worth close to $24 billion.

Earlier this week, the Wall Street Journal reported that buyers interested in Yahoo's core web and Asian business have two weeks to submit preliminary bids .

The Journal, citing unnamed sources, reported Yahoo recently sent a letter to investors, asking them to detail by April 11 what assets they hope to buy, the expected price tag and how they would finance the purchase.

— Ari Levy and Nyshka Chandran contributed to this report.

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