Verizon Communications Inc plans to submit a second-round bid of around $3 billion for Yahoo Inc's core internet business, the Wall Street Journal reported, citing people familiar with the matter.
Private-equity firm TPG was also expected to submit a second round bid for the assets before Monday's deadline, the newspaper reported.
Reuters reported last month that Verizon had added Bank of America to its roster of investment banks, as it looked to gain an edge over other bidders for Yahoo's core assets.
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