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Verizon Proceeds With Yahoo Bid, Google Weighs An Offer

Bloomberg reports that Verizon will make a first-round bid for Yahoo Inc.’s Web business next week, and is willing to acquire the company’s Yahoo Japan Corp. stake to help sweeten the offer, according to people familiar with the matter. Meanwhile, Google, the main division of Alphabet Inc., is also considering bidding for Yahoo’s core business. Potential suitors AT&T Inc. and Comcast have decided against bidding, and Microsoft Corp., which failed with a hostile bid for Yahoo in 2008, won’t bid this time, according to people familiar with the matter.  Time Inc. is still evaluating a bid, while private equity funds Bain and TPG, among others, are also planning to bid on the business, either alone or by backing a strategic acquirer.

Read the whole story at Bloomberg »

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