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Report claims Internet company could choose a suitor in a week.
AT&T and Verizon are among the five bidders still in the running to land Yahoo, it emerged this week.
That’s according to sources cited by Bloomberg on Tuesday who said the other three hopefuls are private equity firms TPG and Vector Capital, and Dan Gilbert, founder of online lender Quicken Loans.
All five submitted final-round bids on Monday, the sources said, adding that Yahoo could pick a winner in about a week.
"Verizon is still expected to come out on top and I continue to expect a sale price of around US$3 billion (€2.7 billion)," said Radio Free Mobile founder Richard Windsor, in a research note on Tuesday.
Exactly what parts of Yahoo the bidders are vying for remains unclear though.
Yahoo has reportedly courted interest from other parties for its 3,000-strong patent portfolio. Meanwhile, some suitors are said to be interested in its core Internet business but not its real estate or intellectual property.
The news emerged a day after Yahoo reported second-quarter revenue inched up to $1.3 billion from $1.2 billion a year earlier. However, its net loss widened to $490 million from $45 million due to $482 million worth of writedowns on the value of its Tumblr blogging platform.
