Yahoo to open 3rd bid round for core internet assets

US telecommunications rivals Verizon and AT&T are set to go through to the third and final round of bidding in the auction for Yahoo’s core internet assets.

Yahoo to open 3rd bid round for core internet assets

After holding a board meeting to review second-round offers, Yahoo was expected to start reaching out to bidders as early as yesterday to notify them whether they will make it to the next bidding round, sources said.

Verizon, the biggest US wireless carrier, is seeking to challenge AT&T, the second largest US wireless provider, in the third round of bidding, even though its latest offer was at the low end of the $3.5bn-$5bn (€3.1bn-€4.4bn) range of the second-round bids that came in last week.

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