HALISTER: Verizon Said to Move Ahead With Preliminary Bid for Yahoo: WSJ

Verizon Said to Move Ahead With Preliminary Bid for Yahoo: WSJ

(Bloomberg) -- Co. among handful of firms moving ahead with offers to buy Yahoo or parts of it , WSJ reports, citing unidentified people familiar.
  • Verizon still working to determine opening bid for Yahoo as of Friday
  • Bain, TPG, Advent International interested in bids
  • KKR expressed interest; unclear if it will place a bid
  • Daily Mail & General Trust still in talks with PE firms to become partners on a bid
  • Time Inc. decided not to bid after concluding that turning around YHOO would be too difficult: WSJ cites one person familiar
  • Alphabet, Comcast, AT&T, IAC also decided not to make a bid
  • Yahoo declined to comment to WSJ
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
VZ US (Verizon Communications Inc)
YHOO US (Yahoo! Inc)
T US (AT&T Inc)
13620Z US (Advent International Corp)
GOOG US (Alphabet Inc)

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