Private Equity

Verizon To Proceed With Yahoo Bid, As TPG Shows Interest

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Verizon Communications plans to make a first-round bid for Yahoo’s Web business next week, and is willing to acquire the company’s Yahoo Japan Corp. stake to help sweeten the offer, according to people familiar with the matter. Time Inc. is still evaluating a bid, while private equity funds Bain and TPG — among others — are also planning to make a run at the business, either alone or by backing a strategic acquirer, the people said.

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