Deals
Verizon Bidding $3 Billion for Yahoo Assets, WSJ Reports
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Verizon Communications Inc. will bid $3 billion for Yahoo! Inc.’s main internet assets, the Wall Street Journal reported, seeking to edge out AT&T Inc., TPG and other potential buyers.
The U.S. carrier is putting in its offer during a second round of bidding due Monday, the newspaper reported without citing named sources. Yahoo will probably hold at least one more cycle of bidding and the offers could change by the final round, the Journal reported. Rebecca Neufeld, a spokeswoman for Yahoo, declined to comment.