New York - The telephone operators US Verizon and AT & T will participate in the third and final round of offers by Yahoo internet assets, sources with knowledge of the matter.
After a meeting of the board on the second round of proposals, Yahoo will start contacting those interested already on Monday to notify them about whether to participate in the third round, said one of the sources.
Largest operator of US mobile phone, Verizon is challenging the offer of AT & T, the second largest in the industry.
The Verizon offer of $ 3.5 billion was at the lower end of the 3.5 billion to $ 5 billion offered by stakeholders in the second round last week, the sources said.
Yahoo expects to complete the auction by the end of July, a source said. The company began to explore the sale of assets after coming under pressure from activist hedge fund Starboard Value.
A consortium led by the founder of Quicken Loans Dan Gilbert and supported by the chairman of Berkshire Hathaway also goes to the final round of offers, the sources said.
Yahoo representatives, Verizon and AT & T declined to comment. The Quicken Loans did not comment immediately.
Verizon is more interested in the advertising tools technology assets and examined how other assets for sale, such as search, email and instant messaging could be combined with AOL, purchased by the operator last year for $ 4.4 billion.
AT & T also wants to strengthen its advertising technology, reducing the distance that separates it from Verizon, as it expands into online video offerings.
A sale of internet assets leave Yahoo with just 35.5% in Yahoo Japan and 15% share of the Chinese e-commerce group Alibaba.
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