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. 

Suggested Articles

CuriosityStream, a subscription video service specializing in science and nature series and films, said it now has 10.5 million paying subscribers.

AT&T plans to launch HBO Max in May 2020, and the company is still working on deals with traditional pay TV distributors that sell HBO.

Charter CEO Tom Rutledge has long been a big proponent of strong content security, and now he’s calling out simultaneous streams on SVODs.