Google mulls bid for Yahoo's core business: Bloomberg

Reuters News
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Posted: Apr 07, 2016 3:14 PM

(Reuters) - Alphabet Inc's <GOOGL.O> Google unit is mulling a bid for Yahoo Inc's <YHOO.O> core business, Bloomberg reported, citing a source.

Verizon Communications Inc <VZ.N>, 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. (http://bloom.bg/1qwx1W3)

AT&T Inc <T.N>, Comcast Corp <CMCSA.O> and Microsoft Corp <MSFT.O> 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 Group Holding Ltd <BABA.N>.

Verizon and Yahoo declined to comment.

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

(Reporting by Rishika Sadam in Bengaluru; Editing by Don Sebastian)