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  1. #1

    Default Quicken, Verizon, Vector said among likely winning Yahoo bidders

    source

    Quicken Loans Inc. founder Dan Gilbert, Verizon Communications Inc. and Vector Capital Management are the leading bidders for Yahoo! Inc., according to people familiar with the matter.

    All three submitted bids by Yahoo's Monday deadline, along with AT&T Inc. and private equity suitor TPG, said one of the people, who asked not to be identified discussing non-public information.

    A decision could be made in about a week, one of the people said. One potential obstacle on choosing a winner is that Yahoo may decide to sell its intellectual property separately, the people said. Yahoo has received bids on its patents, including an offer from a consortium of smaller companies that aggregate intellectual property for royalties, one of the people said.

    The patents will probably sell for less than $500 million, although they could be worth up to $1 billion, one of the people said.

  2. #2

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    Quote Originally Posted by hybridy View Post

    Will we see Yahoo move to Detroit?

  3. #3

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    Fingers crossed. I think this will be a huuuuge win for The D, Michigan, the mid west and especially the Automotive industry. Why should the west coast get our talent computerizing vehicles without us taking an opportunity to do the same with thier talent? I don't know if this is DG's intent but I'd bet the spillover will be positive.

  4. #4

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    Looks like Verizon is going to win the bid. Too bad, this could have been huge for Detroit.

    http://www.wsj.com/articles/verizon-...ses-1469196219

  5. #5

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    Done deal

    http://www.zerohedge.com/news/2016-0...ets-48-billion

    Oh well, I'm sure DG with his backers gave it a good shot.

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