AT&T bids for Yahoo's internet business: Bloomberg
[NEW YORK] AT&T Inc, the No 2 US wireless carrier, has made a bid for Yahoo Inc's internet business, Bloomberg reported on Wednesday, citing people familiar with the matter.
AT&T had previously decided against making an offer, people familiar with the matter told Bloomberg in April.
Digital advertising company YP Holdings LLC, which is backed by AT&T, is no longer pursuing a bid, Bloomberg reported on Wednesday.
Yahoo and AT&T did not immediately respond to a request for comment.
Reuters, citing sources, reported on April 29 that Yahoo had shortlisted close to 10 bidders in an auction for its internet business, including Verizon Communications Inc, the biggest US wireless carrier.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Technology
Garmin’s Q1 results beat on strong demand for fitness, auto products
Foxconn’s musical chairs sound like punk rock
US sets up board to advise on safe, secure use of AI
Regulate AI? How US, EU and China are going about It
Meta’s results are best viewed through rose-tinted AI glasses
'Harvesting data': Latin American AI startups transform farming