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Business

Rivals AT&T, Verizon fight for Yahoo

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Opening sequence

Business

Rivals AT&T, Verizon fight for Yahoo

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COMING UP:Rivals AT&T, Verizon fight for Yahoo

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Transcript

00:00:02
>> It's a battle between telecom giants to buy Yahoo. I'm Liana Baker with Reuters in San Francisco where bids went in earlier this week for the troubled Internet company. The usual suspects are there like private equity firms TPG, Bain and Vista together, as well as Dan Gilbert, Quicken Loans founder which has backing from Warren Buffett.
00:00:22
But AT&T and Verizon are the ones to watch. These are archenemies. Always competing for cellphone customers in the United States. And now we are hearing that they made bids of potentially over $3.5 million for Yahoo. We don't know how much they bid, but we'll know in the next few weeks which companies advance to the next round and whether AT&T or Verizon get it.