According to Brian Womack and Alex Sherman of Bloomberg, Gilbert “and AT&T Inc. each bid about $5 billion for Yahoo Inc.’s core business, patents and real estate assets, people with knowledge of the matter said.”
Womack and Sherman noted Verizon Communications also made a bid, but it was between $3.5 billion and $4 billion and only covered “Yahoo’s core business.”
Womack and Sherman pointed out that “Verizon didn’t bid on the intellectual property and real estate because Sunnyvale, California-based Yahoo told the company it wished to sell them separately.” According to one of Womack and Sherman’s sources, Verizon would be willing to eventually buy the patents (of which Yahoo is reportedly going to sell more than 3,000) and real estate.
Gilbert, who is also the founder of mortgage-lending company Quicken Loans, reportedly will not search for ...
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Article written by Scott Polacek