Verizon to submit $3 Billion Bid for Yahoo’s net commercial enterprise – WSJ

Verizon to submit $3 Billion Bid for Yahoo’s net commercial enterprise – WSJ

Verizon to Submit $3 Billion Bid for Yahoo's Internet Business - WSJ

HIGHLIGHTS
Yahoo is expected to maintain as a minimum one more spherical of bidding.
Verizon plans to submit a 2dspherical bid for Yahoo.
TPG is also anticipated to publish a second round bid for the belongings.
Verizon Communications Inc plans to post a secondround bid of round $3 billion (more or less Rs. 20,067 crores) for Yahoo Inc’s middle net business, the Wall street journal reported, citing people familiar withthe matter.

personalfairness company TPG was also anticipated to post a second round bid for the belongingsbefore Monday’s closing date, the newspaper reported.

Reuters mentioned final month that Verizon become working on a bid for Yahoo’s core property with anfunding bank.

Yahoo is expected to maintain at least one more round of bidding, and the gives may want to tradethrough the final spherical, the paper stated.

Yahoo, Verizon and TPG could not be immediately reached for remark outdoor regular U.S. commercial enterprise hours.

© Thomson Reuters 2016

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Tags: Apps, net, Verizon, Yahoo