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Google Reportedly Considering An Acquisition Of Yahoo’s Web Business

Yahoo-new

Alphabet’s Google unit is mulling a bid for Yahoo’s core business, Bloomberg reported, citing a source.

Verizon, which has been rumored to consider bidding for Yahoo, plans to make a first-round bid for the Internet giant’s web business next week, Bloomberg reported, citing people familiar with the matter.

AT&T, Comcast and Microsoft are not bidding this time, Bloomberg said on Thursday.

Yahoo shares were down 1 percent and Verizon shares were down 3 percent.

Yahoo launched an auction of its core business in February after it shelved plans to spin off its stake in Chinese e-commerce giant Alibaba.

Verizon and Yahoo declined to comment.

Google, AT&T, Comcast and Microsoft could not be reached immediately for comments.

Source: OkayNG.com

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Farouk Mohammed
the authorFarouk Mohammed
Chief Editor
Farouk Mohammed is a Senior Editor at Okay Nigeria (OkayNG.com). He has been publishing for 5 years and focused more on Local/World News on OkayNG.com.

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