Home AT&T joins bidding for Yahoo! - report
 

Keywords :   


AT&T joins bidding for Yahoo! - report

2016-05-26 08:39:00| Telecompaper Headlines

(Telecompaper) AT&T has made a bid to acquire Yahoo, people familiar with the matter told Bloomberg. The operator is interested in Yahoo's core internet business. AT&T had previously decided against making an offer, people familiar with the matter said in April. AT&T kept one foot in the process through its stake in digital advertising business YP Holdings, which had proposed a merger with a subsidiary spun out of Yahoo's core business. However, YP is no longer pursuing such a transaction, according to Bloomberg's sources. AT&T is bidding against rival Verizon, which has long been considered a frontrunner to buy Yahoo. While Verizon remains a favorite to acquire Yahoo, it didn't submit one of the highest first-round bids, two of the people said. 

Tags: report yahoo att bidding

Category:Telecommunications

Latest from this category

All news

»
24.11Eastern North Pacific Tropical Weather Outlook
24.11Atlantic Tropical Weather Outlook
24.11
24.11sobbat DB4R
24.11RC10
24.11 Knicks
24.11 W6S-JP001
24.11SALOMON XLT 150
More »