Verizon and Google reportedly bidding for troubled Yahoo's web business
by Edward Helmore in New York from Technology | The Guardian on (#19QNV)
Nearly four years after she took over as Yahoo CEO, Marissa Meyer could net a $110m payoff if she is pushed out in a rumored takeover
US telecoms firm Verizon is reportedly planning to make a first-round bid for Yahoo's web business next week, Bloomberg has reported, with Googlealso considering bidding for Yahoo's core business.
The potential bid for the huge but troubled web portal comes hours after it was reported that Yahoo has been circulating financial documents to prospective buyers. Tech news site Re/code reported that the documents showed the "financial situation at the Silicon Valley internet giant is becoming increasingly dire".
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