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Yahoo extends deadline for bids by a week - Re/code

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 extends deadline for bids by a week - Re/code

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.

From Zee News

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