Yahoo Suitors Expected to Bid Below Past Expectations

Wall Street Journal: Verizon and others are expected to bid around $2 billion to $3 billion in the auction for Yahoo’s core business, less than what the troubled Internet pioneer was expected to fetch. The telecom giant is considered the front-runner in a field that includes private-equity buyers, some of whom are expected to bid in the low end of that range. As recently as April, people close to the process said Yahoo’s core business would likely go for between $4 billion and $8 billion. Yahoo has set a deadline in the first week of June for the next round of bids.