Verizon and Google said to be preparing bids for Yahoo

By Joseph Keller
published

Verizon is reportedly preparing to make a first-round bid for Yahoo next week. Both Verizon and its AOL subsidiary are said to be in talks with three separate financial institutions about the bid. Google may also make its own bid for the beleaguered company.

From Bloomberg:

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.

While AT&T and Comcast were considering bids for Yahoo, both have apparently dropped out of the running. Time, Inc. is still mulling over a potential purchase as well.

First-round bids for Yahoo's web assets are thought to be due on April 11.

Joseph Keller
Joseph Keller

Joseph Keller is the former Editor in Chief of iMore. An Apple user for almost 20 years, he spends his time learning the ins and outs of iOS and macOS, always finding ways of getting the most out of his iPhone, iPad, Apple Watch, and Mac.