Verizon May Be Tuning Up for Yodeling Contest

Verizon reportedly is planning to make a formal first-round bid for the core assets of Yahoo when the company begins fielding offers on Monday. Verizon, whose CEO last month confirmed his company’s interest, reportedly is working with executives of its AOL subsidiary and three financial advisors to put together a bid by the April 11 deadline. The package will include an offer to buy the core Web business along with Yahoo Japan, according to the Bloomberg report, which puts a value on the business of less than US$8 billion. Verizon is expected to have at least one major competitor. Google executives are considering a bid for Yahoo, and Time also may be a suitor, according to the Bloomberg report. Yahoo declined to comment on the report, spokesperson Rebecca Neufeld told…

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