Yahoo's once-iconic San Francisco billboard, pictured here in 2011. (credit: Scott Schiller)
Verizon is submitting a $3 billion bid to purchase Yahoo's core Internet business, according to The Wall Street Journal, which cites an anonymous source. Though at least one more round of bidding is expected, Verizon is reportedly the leading contender.
A Verizon spokesperson declined comment when contacted by Ars this morning.
Yahoo has been shopping itself around for months in an attempt to sell off just about everything except its valuable stake in Chinese e-commerce company Alibaba. Yahoo is also looking to sell other assets including real estate and patents, but Verizon reportedly isn't interested in buying those.
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