Verizon to submit $3-billion bid for Yahoo’s net biz | business | Hindustan Times
Today in New Delhi, India
Aug 24, 2017-Thursday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

Verizon to submit $3-billion bid for Yahoo’s net biz

business Updated: Jun 08, 2016 11:42 IST
AFP

NEW YORK: Verizon Communications plans to submit a second-round bid of around $3 billion for Yahoo Inc’s core internet business, the Wall Street Journal reported, citing people familiar with the matter. Private-equity firm TPG was also expected to submit a second round bid for the assets before Monday’s deadline, the newspaper reported. Yahoo is expected to hold at least one more round of bidding, and the offers could change by the final round, the paper reported.