CALIFORNIA: Yahoo Inc (YHOO.O) is focused on selling its core assets to U.S. telecommunications company Verizon Communications Inc (VZ.N) after reviewing final bids that it received in an auction, people familiar with the matter said on Friday.
Yahoo views Verizon as the buyer that can deliver the most value, but negotiations between the two companies are continuing, and no deal has yet been reached, the people said.
The value of Verizon’s bid could not be learned.
The sources requested anonymity because the negotiations are confidential. Verizon and Yahoo did not immediately respond to requests for comment.
Bloomberg reported earlier that Verizon was nearing a deal for Yahoo’s core assets.