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Tech

These Yahoo Bidders May Have Another Week

By
Hilary Brueck
Hilary Brueck
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By
Hilary Brueck
Hilary Brueck
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April 8, 2016, 9:54 AM ET
Photograph by Bloomberg Bloomberg via Getty Images

Yahoo is reportedly giving everyone another week to consider buying up the company.

The deadline for preliminary bids on the Internet search and media giant may be extended from April 11 to April 18, Re/code first reported on Friday. (Yahoo declined Coins2Day’s request for comment on the rumored extension.)

The Internet giant has struggled to grow in recent years and is now weighing its potential offers.

Verizon (VZ), widely thought to be a front-runner for acquiring Yahoo (YHOO), is now considering picking up both Yahoo Inc.’s web business and Yahoo Japan Corp., Bloomberg reports.

Time Inc. (TIME) (Coins2Day’s publisher) and some private equity firms also are mulling a buy.

Google (GOOGL) also has reportedly looked at nabbing Yahoo’s core web business, but as Re/code mentions, it’s probably not the most likely candidate for a final deal.

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Largely thought to be opting out of a potential Yahoo buy? AT&T, Comcast, and Microsoft, Bloomberg notes.

For more on Microsoft and Yahoo, watch:

If Yahoo sticks to its April bid deadline, the embattled company could close out on a final deal this summer.

And not everyone is discouraged about Yahoo’s luck cashing out in that sale: Some patent experts are arguing the firm’s patents alone could now be worth as much as $3 billion or 4 billion to a buyer, the New York Post reported Thursday. (Though it’s worth noting the Post didn’t make clear just how old are the 6,000 or so Yahoo patents, which were built for things like data mining and ad targeting.)

About the Author
By Hilary Brueck
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