HALISTER: Verizon Said to Make Yahoo’s Bidder Shortlist: Reuters

Verizon Said to Make Yahoo’s Bidder Shortlist: Reuters

(Bloomberg) -- Verizon to advance to 2nd stage of bidding for Yahoo’s core assets, Reuters reports, citing unidentified people familiar.
  • Verizon submitted offer with advice from Guggenheim Partners, LionTree, Allen & Company
  • Apax, TPG, Bain Capital, Apollo, Warburg Pincus among PE firms that submitted 1st round bids
  • YHOO may decide to allow buyout firms to team up in 2nd round
  • Auction also attracted Rakuten, YP
  • No two offers submitted were identical; YHOO deciding which proposed structures, assets to be divested have best potential
  • Yahoo, Verizon, YP, PE firms declined to comment; Rakuten, Guggenheim, LionTree, Allen & Company didn’t immediately respond: Reuters
  • NOTE: Yahoo Moving Decisively to Find Right Deal, CEO Mayer Says
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
VZ US (Verizon Communications Inc)
YHOO US (Yahoo! Inc)
3825524Z US (Allen & Co LLC)
6212Z LN (Apax Partners LLP)
APO US (Apollo Global Management LLC)

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