Verizon Bids $3B For Yahoo’s Core Web Biz

The Wall Street Journal reports the deadline for second-round bidding was Monday night, and Verizon, the leading contender, laid down $3 billion. Private equity firm TPG was also expected to bid, though it's uncertain what other first-round bidders were following through. At least one more bidding cycle is expected. Journal subscribers can read the full story here.

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