Yahoo Inc (YHOO.O) has extended the deadline to bid for its businesses by a week to April 18, technology news website Re/code reported, citing people familiar with the matter.

Yahoo had set an April 11 deadline for preliminary bids, which could yield a deal by June or July, the Wall Street Journal has reported.

Verizon Communications Inc (VZ.N) is ready to make a bid for Yahoo’s Web business, and hopes to make a merger more successful by also making an offer for a stake in Yahoo Japan Corp (4689.T), Bloomberg reported on Thursday.

Yahoo was not immediately available for comment.

The company’s shares were up 1.2 percent in premarket trading on Friday.

(Reporting by Narottam Medhora in Bengaluru; Editing by Sriraj Kalluvila)

Let’s block ads! (Why?)

Related Posts

Facebook Comments

Return to Top ▲Return to Top ▲