Thursday April 07, 2016

Verizon To Proceed With Yahoo Bid, Google Weighs Offer

According to Bloomberg, Verizon is making a bid to buy Yahoo's web business as early as next week, while Google is said to be "weighing" an offer as well. The report goes on to say that Verizon is also willing to buy the company's $8.5 billion stake in Yahoo Japan if it helps seal the deal.

Verizon Communications Inc. plans to 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. Google, the main division of Alphabet Inc., is also considering bidding for Yahoo’s core business, a separate person said.