- Verizon Communications and Google are both considering a bid for Yahoo’s core Web business, according to a report from Bloomberg.
- AT&T, Comcast and Microsoft have reportedly decided not to bid for the struggling Internet company. According to previous reports, Microsoft was considering financial contributions for the potential deal.
- Meanwhile, Yahoo extended the deadline for first-round bids by a week to April 18.
Time Inc. and private equity funds Bain and TPG are some of the other organizations planning to bid for the Yahoo's core Web businesses, according to a Bloomberg report. The U.K.'s Daily Mail is also talking with investors and will potentially launch a bid, according to the Wall Street Journal.
Verizon is reportedly working with at least three financial advisers on the bid – an indication that it’s serious. The communications provider has valued Yahoo's core business at less than $8 billion, according to reports.
This year, Yahoo is estimating that its revenue will drop around 15% and its earnings will drop more than 20%. As the company has continued its downward financial slide, more reports have surfaced of drastic leadership changes for the internet company once a deal is closed, including the potential ousting of current CEO Marissa Mayer.