London: Yahoo Inc has extended the deadline to bid for its businesses by a week to April 18, technology news website Re/code reported, citing people familiar with the matter.
Yahoo had set an April 11 deadline for preliminary bids, which could yield a deal by June or July, the Wall Street Journal has reported.
Verizon Communications Inc 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 Japan Corp, Bloomberg reported on Thursday.
Yahoo was not immediately available for comment.
The company`s shares were up 1.2 percent in premarket trading on Friday.