Verizon To Submit Bid For Yahoo

An anonymous reader writes: Sources close to the company have confirmed that Verizon will submit a first-round bid to purchase Yahoo’s web business early next week, and that they may offer to take on Yahoo Japan as well. Time Inc. and Google are said to still be considering whether or not to make an offer, while AT&T, Comcast, and Microsoft have decided against entering a bid. Verizon’s willingness to take on Yahoo Japan in the bid may give it a strategic advantage over other bidders. The combined value of Yahoo web and Yahoo Japan Corp. could put the value of the bid out of range for all but the largest investors, potentially putting interested private equity firms such as Bain or TPG out of the running.


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