For any of our members who don't follow the financial world, Yahoo has been struggling for quite some time. It should come as no surprise considering that Google rules the world of search. Because of this, Yahoo has been trying to sell itself off recently.
The latest report indicates that Verizon is proceeding forward with a "first-round" bid to acquire Yahoo. Supposedly, "Verizon and its subsidiary AOL Inc. are working with at least three financial advisers on the Yahoo bid." Industry insiders report that Google is also considering a bid to snap up Yahoo (although we suspect Google would have to jump through some hefty regulatory hurdles even if they won the bid).
While Verizon and Google are the highest profile companies expected to make a bid, they aren't the only ones. Here's a quote with a few more details,
"Time Inc. is still evaluating a bid, while private equity funds Bain and TPG -- among others -- are also planning to make a run at the business, either alone or by backing a strategic acquirer, the people said.
While the buyout firms haven’t yet paired themselves with a strategic buyer, they are open to the idea of doing so, the people said." ~ Bloomberg
