All the sessions from Transform 2021 are available on-demand now. Watch now.


(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.

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.

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)

VentureBeat

VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more
Become a member