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Yahoo shares spike after report of Verizon’s plan to bid for Internet business

Shares of Yahoo! Inc. rose as much as 1.6% in afternoon trade Thursday, reversing an earlier loss of 2.6%, following a report that Verizon Communications Inc. plans to make a bid for the company’s web business next week. The report, from Bloomberg, noted this would be a first-round bid and that Alphabet Inc.’s main division, Google, would also consider a bid. Analysts have expected that Verizon, or possibly another big media company, would make a bid for Yahoo’s Internet business. Verizon shares were down 3%.

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Yahoo shares spike after report of Verizon’s plan to bid for Internet business Reviewed by on . Shares of Yahoo! Inc. rose as much as 1.6% in afternoon trade Thursday, reversing an earlier loss of 2.6%, following a report that Verizon Communications Inc. p Shares of Yahoo! Inc. rose as much as 1.6% in afternoon trade Thursday, reversing an earlier loss of 2.6%, following a report that Verizon Communications Inc. p Rating:
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