Verizon to Bid $3 Billion for Yahoo's Web Assets2016-06-08 01:49 by Daniela
Tags: Verizon, Yahoo
According to a report from the Wall Street Journal, Verizon is expected to make a $3 billion bid for Yahoo!'s main Internet assets in the second round of action. Among the other companies that want to own Yahoo are the Private equity firm TPG and AT&T.
This potential bid may make Verizon the leading contender, although at least one more round of bidding is expected and it could change in the situation.
The real action for Yahoo!'s stock price will likely come in the last 6 months of 2016 after the core business web assets are sold off. That's likely when decisions will be made about Yahoo's stakes in its Asian assets, which are the source of most of its value.
Verizon is already the owner of AOL after buying that company for $4.4 billion last year. With this purchase Verizon acquired numerous news sites, a large advertising business, and more than 2 million dial-up Internet subscribers. Buying Yahoo would give the telco control over a second giant of the early Web.
Read more -here-