AT&T Makes a Bid to Buy Yahoo’s Internet Business

Bloomberg: AT&T is said to have made a bid for Yahoo, and is a contender to acquire the Sunnyvale, Calif.-based company’s core internet business. The telecom giant had previously decided against making an offer. AT&T kept one foot in the process through its stake in digital advertising business YP Holdings, which had proposed a merger with a subsidiary spun out of Yahoo’s core business. However, YP reportedly is no longer pursuing such a transaction.