Verizon ready to assault Yahoo

9 years ago - Published in Finance, Fundamental Analysis

The US giant telecom Verizon Communications would plan to submit a bid in the second round of 3 billion US dollars for the core business of the Internet Yahoo, according to the Wall Street Journal reported, citing a person familiar with the matter. According to the newspaper of the "Big Apple", Verizon would have to meet the Monday deadline for the second round of bids.

The company is seen as the leading candidate to acquire Yahoo. Yahoo plans to hold at least one more race, and the offers might change and fall.
Verizon, who leads a group of private equity investors, would be interested in some of Yahoo unit to complete and strengthen the portfolio of its subsidiary AOL, purchased last year.