Verizon May Be Tuning Up for Yodeling Contest

Verizon reportedly is planning to make a formal first-round bid for the core assets of Yahoo when the company begins fielding offers on Monday. Verizon, whose CEO last month confirmed his company’s interest, is working with executives of its AOL subsidiary and three financial advisors to put together a bid by the April 11 deadline, according to the report. The package is expected to include an offer to buy the core Web business along with Yahoo Japan, and to put a value on the business of less than $8 billion.

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