Verizon Is the Frontrunner to Buy Yahoo

It's Yahoo bid day.

Bids for Yahoo are due today, and according to the Wall Street Journal, Verizon is the frontrunner.

This is partly due to other suitors opting out of the bidding process. Time Inc, Comcast, AT&T and IAC all pulled out for various reasons.

Verizon’s main competition comes via private-equity firms, including Bain Capital, TPG and Advent International. The Daily Mail is rumored to still have interest in Yahoo, but its talks with a private-equity firm partner continue.

An analyst said that should Verizon strike a deal for Yahoo, it would be expensive, but “wouldn’t necessarily break the bank.”