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Verizon Technology Yahoo

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

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By John McCarthy, Opinion Editor

July 22, 2016 | 2 min read

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.

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Verizon reportedly a frontrunner for Yahoo

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.

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