Verizon and Google looking to snap up Yahoo
Published 08/04/2016 | 09:49
Verizon and Google are believed to be two of the companies looking to make first-round bids for Yahoo's business and assets.
Verizon appears to be the front-runner to put in a first-round bid for Yahoo, which are due Monday.
The carrier is reportedly working with at least three banks on its bid. According to Bloomberg Technology, Verizon is hoping to secure Yahoo's Web business, but might also snap up Yahoo's Japan Corp. stake too.
It's not alone in being interested in acquiring Yahoo though. It's also being reported that Google is considering a bid for Yahoo's core business. Little is known about Google's bid, but it would make sense for it to Alphabet to take Yahoo's assets under its wing.
Microsoft is reportedly staying out of the mix. Techradar's source says that it might fund a portion of investment for whatever party ends up acquiring Yahoo, but it's also possible that it won't offer anything at all.
Re/code got a copy of Yahoo's "book," which the company sent to prospective buyers. This book indicates that Yahoo expects its revenue to fall by nearly 15% and earnings more than 20% in 2016.
More may emerge on Monday after the deadline for first-round bids ends.