Report: Verizon Plans Bid for Yahoo and Its Yahoo Japan Stake

© Getty/AFP/File Justin Sullivan

(Reuters) — Verizon Communications Inc (VZ.N) is ready to make a bid for Yahoo’s web business, and hopes to make a merger more successful by also making an offer for a stake in Yahoo’s Japan subsidiary, Bloomberg reported on Thursday, citing a source familiar with the matter.

The telecom giant is planning to make a first-round bid for Yahoo’s web business next week, the news organization said.

Alphabet Inc’s (GOOGL.O) Google unit is also mulling a bid for Yahoo’s core business, Bloomberg reported, citing a source.

However, Bloomberg said many companies that had been seen as likely investors in Yahoo were not planning a bid, including AT&T Inc (T.N), Comcast Corp (CMCSA.O) and Microsoft Corp (MSFT.O).

Read the rest of the story at Reuters.