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Google mulls bid for Yahoo's core business: Bloomberg

Published 04/07/2016, 03:34 PM
Updated 04/07/2016, 03:40 PM
© Reuters. An illustration picture shows logos of Google and Yahoo connected with LAN cables in Berlin
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(Reuters) - Alphabet Inc's (O:GOOGL) Google unit is mulling a bid for Yahoo Inc's (O:YHOO) core business, Bloomberg reported, citing a source.

Verizon Communications Inc (N:VZ), 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. (http://bloom.bg/1qwx1W3)

AT&T Inc (N:T), Comcast Corp (O:CMCSA) and Microsoft Corp (O:MSFT) are not bidding this time, Bloomberg said on Thursday.

Yahoo shares were down 1 percent and Verizon shares were down 3 percent.

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 Group Holding Ltd (N:BABA).

Verizon and Yahoo declined to comment.

© Reuters. An illustration picture shows logos of Google and Yahoo connected with LAN cables in Berlin

Google, AT&T, Comcast and Microsoft could not be reached immediately for comments.

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