Yahoo hires investment bank to explore sale of patents

According to sources, Yahoo Inc. has mandated investment bank Black Stone IP LLC to sell about 3,000 of its internet company’s patents.

The company notified a number of potential buyers for the patents, which date back to when the company was founded in 1996 and also include its original search technology.

The deadline for bids for the patents has been set for mid-June 2016 by Yahoo.

Previously in March 2016, the company had stated that it planned on sales of $1-3bn of patents and non-core assets.

Source: Reuters

 

Verizon to submit a $3bn offer for Yahoo’s internet assets

According to sources, Verizon Communications Inc. plans to submit a second-round bid of around $3bn for Yahoo Inc’s core internet business.

It appears that private-equity firm TPG was also expected to submit a second round bid for the assets before Monday’s deadline.

Yahoo plans to conduct at least one more round of bidding before finalizing a bidder.

Source: Reuters