Deals
Yahoo Said to Narrow Field of Bidders as Soon as Next Week
- Company received more than 10 first-round offers for core unit
- Initial bids valued Yahoo's core business at about $4B-$8B
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First-round bidders for Yahoo! Inc. could find out as early as next week whether they’ve made it through to the next stage.
Yahoo’s advisers will spend the weekend narrowing down the field of bidders after receiving more than 10 initial offers for the Internet company ranging from about $4 billion to $8 billion, according to people with knowledge of the matter.