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Verizon revives bid to buy Yahoo for $3bn, reports say

Verizon is reportedly preparing a $3bn bid for Yahoo’s internet business, which will include the core search site, Yahoo Mail and what remains of Yahoo! News. Verizon would also scoop up an array of miscellaneous web products and services, including Yahoo Answers and Yahoo Finance. The bid, which was reported in the Wall Street Journal based on an anonymous source, would fit with Verizon’s bulk-buying spree of internet products, and would follow their purchase of dotcom relic AOL last year. First reports that Verizon was preparing a first-round bid back came back in April, with AOL CEO Tim Armstrong proposed to take over as Yahoo CEO. The Yahoo network still attracts significant traffic; total traffic in May 2016 alone was 6.5bn monthly page views, according to third-party analytics site Similar Web, making it the fifth most visited website in the world. Related: By the numbers: why big-name businesses are bidding for Yahoo Yahoo was founded …

June 7, 2016 4:48 pm

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