Verizon Nears Deal for Yahoo's Internet Businesses
July 22 2016 - 10:40AM
Dow Jones News
Verizon Communications Inc. is nearing a deal to buy Yahoo
Inc.'s core internet businesses, an agreement that would end a
tumultuous period for the beleaguered internet company.
Verizon, long considered the most likely buyer since Yahoo put
itself up for sale, could reach a deal to buy the company in the
coming days, according to a person familiar with the matter.
Other bidders that have been vying for Yahoo could re-emerge,
and an agreement with Verizon isn't guaranteed, the person
cautioned.
Bloomberg News earlier Friday reported that Verizon was likely
to prevail in the auction.
Write to Dana Cimilluca at dana.cimilluca@wsj.com
(END) Dow Jones Newswires
July 22, 2016 10:25 ET (14:25 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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