(Reuters) — Alphabet’s Google unit is mulling a bid for Yahoo’s core business, Bloomberg reported, citing a source.
Verizon, which has been rumored to consider bidding for Yahoo, plans to make a first-round bid for the Internet giant’s web business next week, Bloomberg reported, citing people familiar with the matter.
[aditude-amp id="flyingcarpet" targeting='{"env":"staging","page_type":"article","post_id":1918644,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"bots,business,entrepreneur,media,mobile,","session":"D"}']AT&T, Comcast and Microsoft are not bidding this time, Bloomberg said on Thursday.
Yahoo shares were down 1 percent and Verizon shares were down 3 percent.
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Yahoo launched an auction of its core business in February after it shelved plans to spin off its stake in Chinese e-commerce giant Alibaba.
Verizon and Yahoo declined to comment.
Google, AT&T, Comcast and Microsoft could not be reached immediately for comments.
(Reporting by Rishika Sadam in Bengaluru; Editing by Don Sebastian)
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