Yahoo Reportedly Attracts Multiple Bids Topping $5 Billion

Jun 10, 2016  •  Post A Comment

“Yahoo has received multiple bids at or above $5 billion for its core business, which includes search, according to one report,” MediaPost reports.

The report notes that a bid of about $3 billion from Verizon Communications, which surfaced earlier this week, is among the lower bids. But the report notes that the individual suitors may be bidding on slightly different packages of assets.

“Warren Buffett also showed interest in the business,” MediaPost notes. “Unnamed sources suggest Berkshire Hathaway teamed up with Quicken Loans Founder Dan Gilbert and other investors to make the bid.”

The report notes that Yahoo’s board of directors was expected to meet today to review the second round of bids for its core business. The best of the bids will move to a final round that will get under way next week.


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