Verizon (VZ) Said Nearing Deal to Acquire Yahoo! (YHOO)
(Updated - July 22, 2016 8:37 AM EDT)
Verizon Communications (NYSE: VZ) said nearing a deal to acquire Yahoo! (Nasdaq: YHOO) core assets, according to Bloomberg.
UPDATE - Sources said Verizon is the lead bidder and an announcement might come within a few days.
Verizon and Yahoo! are also said to be in one-on-one talks at this point. No deal has been finalized and talks may fall apart before an agreement is reached.
Amid the chatter, AT&T (NYSE: T) shares are on watch.
FYI - After the close, some browsers were showing a co-branded AT&T/Yahoo! pages, which suggested that maybe AT&T was the buyer.
UPDATE 2 - Verizon's bid for Yahoo! is said to be around $5 billion, but excludes patents, according to sources familiar with the discussions.