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Verizon to Bid $3 Billion on Yahoo

Verizon will be submitting a second round bid of more than $3 billion to acquire the assets of struggling Internet company Yahoo, anonymous sources tell the Wall Street Journal. Verizon is primarily interested in Yahoo's advertising and content businesses, and does not want the acquisition to include Yahoo's patents and real estate holdings states the source.

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While AT&T is also expected to bid on Yahoo's assets Barclays analysts aren't convinced AT&T intends to try very hard, leaving Verizon as the leading candidate to acquire Yahoo after spending another $4.4 billion to acquire AOL last year.

"We are hard pressed to see AT&T enter the Yahoo frenzy," the analysts wrote in a research note.

"Recent reports from Bloomberg suggest that AT&T might be interested in Yahoo's Internet business. While it is premature to assume that AT&T is not interested, we find it hard to envision the carrier earnestly would move forward with a bid given it has its hands full integrating DTV, is participating in the broadcast spectrum auction and seems focused on asset optimization vs. augmentation."

Previous reports suggested that Yahoo received 10 bids ranging from $4 billion to $8 billion for the company's core Internet assets.

Most recommended from 31 comments



GTAXL
join:2013-09-11
Mount Vernon, OH

18 recommendations

GTAXL

Member

Stupid 101

Stupid, just like their go90 crap. This money would better be spent on building out FiOS, oh wait, they don't care about products that are actually useful to the consumer.. Let's waste whatever money we are willing to spend elsewhere.

kdwycha
join:2003-01-30
Ruskin, FL

16 recommendations

kdwycha

Member

Bloatware Anyone?

I am sure customers are going to see great value in having Yahoo Mail, Yahoo Weather, Yahoo News etc bloatware pre-installed on their Verizon phones with no means to remove it. (Sarcasm)
jorcmg
join:2002-10-24
USA

1 edit

10 recommendations

jorcmg

Member

Jerry Yang

I wonder if Steve Ballmer still thanks his lucky stars every day that Jerry Yang declined his 45 billion bid for Yahoo back in 08. Epic blunder for Yang.