Deals
AT&T Wants Yahoo's Internet Business
- Telecom company joins Verizon in potential pursuit of Yahoo
- Yahoo sales process said to conclude in coming weeks
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AT&T Inc. has made a bid for Yahoo Inc., according to people familiar with the matter, and is a contender to acquire the Sunnyvale, California-based company’s core internet business.
The telecom giant had previously decided against making an offer, people familiar with the matter said in April. AT&T kept one foot in the process through its stake in digital advertising business YP Holdings LLC., which had proposed a merger with a subsidiary spun out of Yahoo’s core business. However, YP is no longer pursuing such a transaction, said one of the people, all of whom asked not to be identified as the matter is private.