Yahoo! Inc. YHOO 0.49% has reportedly extended the deadline for outside bids for its core businesses to April 18. After abandoning a plan to spin-off its large stake in Alibaba Group Holding Ltd BABA 0.19%, Yahoo is now auctioning off its core search, mail and news businesses.
Needham’s Laura Martin tells Benzinga that there are likely two potential reasons for the deadline extension: either more bidders have come to the table or a potential deal may have a more complicated structure than anticipated.
Verizon Communications Inc VZ 0.66% has been very open about its interest in Yahoo and even plans on including a stake in Yahoo Japan as part of its offer.
The intentions of another potential Yahoo bidder, Alphabet Inc GOOGL 0.9%, are much less clear at this point. Bloomberg reports…
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