Comments
Verizon Communications Inc plans to submit a second-round bid of around $3 billion for Yahoo Inc's core internet business, the Wall Street Journal reported, citing people familiar with the matter.
Private-equity firm TPG was also expected to submit a second round bid for the assets before Monday's deadline, the newspaper reported.
Reuters reported last month that Verizon had added Bank of America to its roster of investment banks, as it looked to gain an edge over other bidders for Yahoo's core assets.
Yahoo is expected to hold at least one more round of bidding, and the offers could change by the final round, the paper reported.
Yahoo did not comment on the report, while Verizon declined to comment.
TPG could not be immediately reached for comment outside regular US business hours.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.