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Yahoo likely to cull the list of first-round bidders this week

Published Sun, Apr 24, 2016 · 09:50 PM

New York

FIRST-ROUND bidders for Yahoo! Inc could find out as early as this week whether they've made it through to the next stage.

Yahoo's advisers were spending the weekend narrowing down the field of bidders after receiving more than 10 initial offers for the Internet company ranging from about US$4 billion to US$8 billion, according to people with knowledge of the matter.

Several first-round bid…

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