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Speculation mounts that Verizon is a frontrunner for Yahoo’s core assets

Verizon reportedly a frontrunner for Yahoo

Comms giant Verizon could be looking to scoop up large segment of search company Yahoo’s business, sources familiar with the deal told Reuters and CNBC.

The company has reportedly analysed all tabled bids and has its eyes set on Verizon as the deal that delivers most value. As a result, a handful of bidders have been reportedly been whittled down to just Verizon.

Sources have said a price tag close to $5bn has been placed on Yahoo’s core internet business in a deal that does not include the company’s patents.

Additionally, Bloomberg is reporting that a long-awaited deal could be announced in the coming days.

Earlier this week, The Drum looked at the halved value of Yahoo’s photo blogging site Tumblr.