Yahoo extends deadline, Verizon and Google reportedly preparing bids

Dive Brief:

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.

Dive Insight:

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.