HALISTER: Verizon Said to Bid $3b for Yahoo Web Assets in 2nd Round: WSJ

Verizon Said to Bid $3b for Yahoo Web Assets in 2nd Round: WSJ

(Bloomberg) -- Verizon plans to offer ~$3b for Yahoo’s web assets on Monday in 2nd round of bidding, WSJ reports, citing unidentified people familiar.
  • VZ indicated it’s not interested in YHOO’s patents, real estate as part of the deal
  • TPG also expected to make 2nd-round bid
  • YHOO expected to hold at least one more round of bidding; offers could change by final round
  • VZ couldn’t immediately be reached for comment; YHOO declined to comment: WSJ
  • NOTE: In May, AT&T Said to Be Interested in Buying Yahoo Internet Business
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
VZ US (Verizon Communications Inc)
YHOO US (Yahoo! Inc)
8818Z US (TPG Capital Management LP)
T US (AT&T Inc)

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