Deals
Yahoo Weighs Bids From Verizon, TPG, YP as First Round Ends
- Struggling Web portal set Monday deadline for initial offers
- Earnings report Tuesday set to show further revenue declines
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Verizon Communications Inc. will vie with at least one other company and a private equity firm in the bidding for Yahoo! Inc., according to people familiar with the matter.
The Internet portal received offers from suitors including telecommunications provider Verizon, private equity firm TPG and YP Holdings LLC, the digital-advertising business of what was formerly called Yellowpages.com, said the people, who asked not to be identified because the process is private. Yahoo had set Monday as the deadline for initial bids as it winnows down which companies are in the running to acquire its Web operations.