Verizon reportedly set to bid on Yahoo, AT&T to sit out

Verizon (NYSE: VZ) is reportedly set to bid on Yahoo's Internet business next week, while Google (NASDAQ: GOOG) is still mulling an offer and AT&T (NYSE: T) is set to sit out.

Citing unnamed sources, Bloomberg said the first round of bidding for Yahoo's online assets will begin this Monday. Verizon and its AOL subsidiary are said to be working with at least three financial advisors about the move, which signals the carrier's seriousness.

The nation's two largest mobile network operators have long been rumored to be eyeing a takeover of some of Yahoo's assets, and both have worked aggressively over the last year to move into media and advertising. Verizon executives have said several times the company was taking a hard look at Yahoo.

FierceWireless has a full report here. 

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