Despite the financial perils of Yahoo becoming more and more apparent, it looks like we will indeed see some takeover bids in the coming weeks. After the company issued a deadline for bids last week, reports now indicate that both Verizon (VZ - Free Report) and Google (GOOGL - Free Report) are considering offers.
According to Bloomberg, people familiar with the matter at Verzion said that the company plans to make a first-round bid for Yahoo’s core business as soon as next week. Apparently Verizon is also willing to acquire Yahoo’s Japan division if that would help the offer.
Bloomberg also reported today that a separate person with knowledge said that Google is “considering” a bid for Yahoo’s web division. Time Inc. and private equity firms Bain and TPG are all still evaluating offers. First-round bids are due April 11, as per Yahoo’s request last week.
Some suitors have decided against a bid, including AT&T (T - Free Report) , Comcast (CMCSA - Free Report) , and Microsoft (MSFT - Free Report) , which failed with a takeover attempt in 2008.
These rumors come in the wake of Yahoo’s latest financial update. According to the company itself, revenue is expected to drop by almost 15% and earnings by more than 20% in 2016.
Investors should be sure to keep their eyes on this takeover, as it is sure to include some of the biggest companies in the market right now.
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