Friday May 20, 2016

Report: Yahoo Bids Less Than Expected

Bids for Yahoo are less than expected? What do you mean less than expected? I was shocked that these "low bids" were as high as they are. You could always wait until the company hits rock bottom or goes under and then pick its bones for the parts you need.

The favorite in the ongoing confidential auction process, Verizon, and several other bidders are expected to offer $2 billion to $3 billion in the second round of bids, The Wall Street Journal reported late Thursday. Just a month ago prior to the deadline for the first round of bids were due, analysts had speculated that Yahoo's core Internet business -- including assets such as its advertising and search business, Yahoo Sports and Tumblr -- could fetch $5 billion to $8 billion.