“Verizon Communications Inc. on Monday planned to submit a second-round bid of about $3 billion for Yahoo Inc.’s core internet business, said a person familiar with the matter,” Ryan Knutson and Douglas Macmillan report for The Wall Street Journal.
“The telecom company, seen as the leading contender to buy Yahoo, was expected to meet Monday’s deadline for the second round of bids,” Knutson and Macmillan report. “Yahoo is expected to hold at least one more cycle of bidding, and the offers could change by the final round, people familiar with the matter have said.”
“Verizon indicated it isn’t interested in acquiring certain Yahoo assets, such as patents and real estate, as part of the deal, one of the people said. Yahoo said earlier this year it is exploring the sale of non-core assets, including real estate and patents, that could fetch more than $1 billion,” Knutson and Macmillan report. “Verizon, which acquired AOL Inc. last year for $4.4 billion, is seen as having the clearest path to turning around Yahoo. The telecom giant likely would combine Yahoo’s web properties, which together attract more than a billion users a month, with its growing business in online ads.”
Read more in the full article here.
MacDailyNews Take: Mayer took on an impossible job and deserves credit for staying with the thing when it would have been easy to have walked away from the mess she inherited long before this point.
Marissa Mayer would be a wonderful CEO with the right company.
Yahoo for sale as bidders line up; CEO Marissa Mayer is likely toast – April 11, 2016
CEO Marissa Mayer drops the ax, shutters about half of Yahoo’s content verticals – February 17, 2016
Yahoo CEO Marissa Mayer gets a chance to make one last stand – February 3, 2016
Yahoo to lay off 15% of staff, close five offices, explore non-strategic asset sales – February 2, 2016
Yahoo investors running out of patience with CEO Marissa Mayer – January 4, 2016
Hedge fund manager blasts Marissa Mayer for equipping employees with 22,000 iPhones – January 4, 2016
Yahoo board to weigh future of company, Marissa Mayer, source says – December 2, 2015
Yahoo or Microsoft can terminate search deal anytime on or after October 1st – April 21, 2015
Microsoft loses exclusivity in Yahoo search deal shake up – April 17, 2015
Yahoo gains further US search share; Google falls below 75% for first time – February 3, 2015
Microsoft, Yahoo vie to become Apple Safari’s default search option – November 26, 2014
Firefox dumps Google for default U.S. search, switches to Yahoo/Bing – November 20, 2014
Yahoo’s Marissa Mayer was right to ban working from home, right? – August 12, 2014
Yahoo CEO Marissa Mayer wants to save Google a billion dollars – April 18, 2014
Yahoo’s strategy: Rebuild search, take share, win iOS from Google – April 17, 2014