Verizon 'to Submit $three Billion Bid' for Yahoo's Web Enterprise
Verizon plans to submit a second-spherical bid of round $three billion for Yahoo’s core web enterprise, the Wall Road Journal reported, citing individuals conversant in the matter.
Personal-fairness agency TPG was additionally anticipated to submit a second spherical bid for the belongings earlier than Monday’s deadline, the newspaper reported.
Reuters reported final month that Verizon was engaged on a bid for Yahoo’s core belongings with an funding financial institution.
Yahoo is predicted to carry at the very least yet one more spherical of bidding, and the provides might change by the ultimate spherical, the paper reported.
Yahoo, Verizon and TPG couldn’t be instantly reached for remark outdoors common U.S. enterprise hours.