Last we heard, Yahoo had decided that they will be selling off its core internet business and Microsoft was named as one of the potential investors interested in acquiring the company. However according to a recent report from Bloomberg, it seems that Microsoft might have to face competition from the likes of Verizon and Google.
The report claims that Verizon is expected to make a first round bid on Yahoo’s internet business as early as next week and to help sweeten the deal, they are also expected to offer to acquire Yahoo Japan’s stake in the company. As for Google, the company does not have plans to make a bid yet but the report claims that they are interested in doing so.
Prior to this, there were reports that AT&T and Comcast were also interested in placing bids for the company, but apparently both companies have since lost interest and have dropped out of the race. Time Inc. is also said to be an interested party and are still in the midst of evaluating how much they should offer as a bid.
While Yahoo might have been the darling of the internet back in the day, recent years have shown the company struggling to find its place amongst the competition. This is despite the fact that the company’s CEO Marissa Mayer has been taking steps to help reinvent the company’s image.