Report: Yahoo has received ‘multiple’ bids above $5B for core assets

By Jim O'Neill on Jun 09 2016 at 8:00 AM
Report: Yahoo has received ‘multiple’ bids above $5B for core assets

It appears Verizon isn’t the only company that has Yahoo on it’s shortlist.

CNBC is reporting that there have been multiple offers made to the troubled Internet portal for its core business, several above $5 billion, which puts Verizon’s reported $3.5 billion bid in the rearview mirror.

Yahoo’s board meets Friday to weigh the offers it’s received.

The disparity in bids may be due to different offers being made for different Yahoo “core” assets.

CNBC reports that the top bids will go into a final round that begins next week.

Stay tuned.

Follow me on Twitter @JimONeillMedia and on LinkedIn

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