Yahoo Revenue Tops Estimates as Sale Process Nears an End

Yahoo! Inc.’s quarterly revenue topped analysts’ estimates, a sign Chief Executive Officer Marissa Mayer is making some headway slowing an exodus of ad dollars while seeking to sell the web portal’s core assets.

While sales fell less than analysts projected, investors remain preoccupied with the potential sale of Yahoo’s web businesses -- a process that could soon reach its finale, with bids due Monday. Suitors so far have included Verizon Communications Inc., AT&T Inc. and private equity firms -- and earlier offers have ranged in price from about $3.75 billion to $6 billion, depending on what assets are part of the bid. While Mayer’s four-year attempt to revive the onetime web leader has faltered, the Sunnyvale, California-based company has touted its massive user base and progressive advertising services as assets a buyer could leverage.