While YHOO shares have jumped after the announcement of several potential bidders (including Time Inc, Verizon, Bain, TPG, and Google), it has merely recovered the day’s losses.
- *VERIZON SAID TO PROCEED WITH YAHOO BID; MAY INCLUDE JAPAN STAKE
- *VERIZON SAID TO VALUE YAHOO’S CORE UNIT AT LESS THAN $8B
- *GOOGLE ALSO SAID TO CONSIDER BID FOR YAHOO WEB BUSINESS
- *TIME INC. ALSO SAID TO WEIGH FIRST-ROUND YAHOO BID
- *BAIN, TPG SAID TO PLAN OFFERS FOR YAHOO WEB BUSINESS
As Bloomberg reports,
Verizon Communications Inc. plans to make a first-round bid for Yahoo Inc.’s Web business next week, and is willing to acquire the company’s Yahoo Japan Corp. stake to help sweeten the offer, according to people familiar with the matter.
Google, the main division of Alphabet Inc., is also considering bidding for Yahoo’s core business, a separate person said.
Time Inc. is still evaluating a bid, while private equity funds Bain and TPG — among others — are also planning to make a run at the business, either alone or by backing a strategic acquirer, the people said.
While the buyout firms haven’t yet paired themselves with a strategic buyer, they are open to the idea of doing so, the people said.
First-round bids for the company’s main Web assets are due April 11, a person with knowledge of the matter said last week.
Is that it?
Based on the financial information that it’s seen, Verizon values Yahoo’s core business at less than $8 billion, one of the people said.
But…
- *AT&T, COMCAST SAID TO HAVE LOST INTEREST IN YAHOO BIDS
Potential suitors AT&T Inc. and Comcast have decided against bidding, some
of the people said, asking not to be identified as the discussions
aren’t public. Microsoft Corp., which failed with a hostile bid for
Yahoo in 2008, won’t bid this time, another person said.
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