Yahoo Received Multiple Offers of $5 Billion or More

Not bad.

The Yahoo sale might rake in more than we all thought it would. According to CNBC, the company has received multiple offers of $5 billion or more for its core businesses.

Suddenly, Verizon—which has been the frontrunner to acquire Yahoo from day one—is seemingly on the outside looking in. The telecom giant’s bid was rumored to be only around $3 billion.

Yahoo’s board will now consider all the bids, with the best entering the final round next week. The sale process is expected to conclude sometime next month.

Publish date: June 10, 2016 © 2020 Adweek, LLC. - All Rights Reserved and NOT FOR REPRINT