AT&T, Dan Gilbert each bid $5 billion for Yahoo, report says – CNET
Yahoo may have lost some of its shine over the years, but it’s still luring in big name bidders.
Verizon is also reportedly in the game and made a bid between $3.5 billion to $4 billion for just Yahoo’s core business, said Bloomberg.
Yahoo CEO Marissa Mayer has been trying for four years to resuscitate the once mighty internet media and search site. In February, she put out a call to would-be buyers, saying Yahoo’s board is ready to “engage on qualified strategic proposals.”
Yahoo accepted second-round bids this week and, after a final round, could choose a winner as early as next month, according to Bloomberg. Back in April, around 40 suitors appeared interested in Yahoo. That list has since been whittled down, though it isn’t publicly known which companies are still in the pursuit.
Yahoo did not immediately respond to a request for comment.
To sweeten the deal, Yahoo is also reportedly offering up a portfolio of about 3,000 patents, including some that date back to the company’s founding and include its early search technology.
AT&T and Verizon declined to comment.
Gilbert did not immediately respond to a request to comment.
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