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Verizon placed $3B bid for Yahoo assets

June 8, 2016

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Verizon Communications has reportedly moved on placing a $3 billion bid to acquire certain assets from Yahoo, following months of deliberations.

Published reports indicate Verizon was set to meet the June 6 deadline for submitting a second-round bid for Yahoo’s core internet business, though it was not interested in the internet firm’s patents or real estate holdings.

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