By Jessica Goodfellow

Verizon Communications Inc is reportedly readying a second-round bid for Yahoo Inc’s core internet business, valued at approximately $3bn; $5bn less than previously anticipated.

Previous bids for the core business came in at between $4bn and $8bn but a fresh round of bidding to meet this Monday’s deadline has suggested Yahoo’s evaluation is falling below expectations.

The company is expected to hold at least one more round of bidding, and the offers could change by the final round, the Wall Street Journal reported.

It was expected that Verizon, considered to be the front runner in the race Read full story ›

Source: The Drum