Google mulls tender for Yahoo'south core business: Bloomberg

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Source:   —  April 07, 2016, at 11:53 PM

Verizon Communications Inc (), which has been rumored to consider bidding for Yahoo, plans to create a first-round tender for the Internet giant'south web business following week, Bloomberg reported, citing people familiar with the matter.

n">Alphabet Inc's () Google unit is mulling a tender for Yahoo Inc's () core business, Bloomberg reported, citing a source.

Verizon Communications Inc (), which has been rumored to consider bidding for Yahoo, plans to create a first-round tender for the Internet giant'south web business following week, Bloomberg reported, citing people familiar with the matter. ()

AT&T Inc (), Comcast Corp () and Microsoft Corp () aren't bidding this time, Bloomberg said on Thursday.

Yahoo shares were down one % and Verizon shares were down three percent.

Yahoo launched an auction of its core business in Feb after it shelved plans to spin off its stake in Chinese e-commerce giant Alibaba Grouping Holding Ltd ().

Verizon and Yahoo declined to comment.

Google, AT&T, Comcast and Microsoft couldn't be reached immediately for comments.

(Reporting by Rishika Sadam in Bengaluru; Editing by Don Sebastian)

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