YP Holdings LLC, the digital advertising business of what was formerly called Yellowpages.com, is planning to submit a first-round bid on Monday to merge with Yahoo Inc (YHOO.O), a source familiar with the matter said on Monday.
Yahoo, valued at about $34.6 billion, had extended a deadline to bid for its businesses by a week to April 18, technology news website Re/code reported last week.
16:50 Goldman Sachs, Citigroup earnings confirm Trump effect on banks18
04:18 NAB, Oxley to sell stakes in Cambridge Industrial manager to e-Shang Redwood15
12:23 Morgan Stanley beats, has a record-breaking quarter for wealth management18
06:13 Pound quivers near three-month low, stocks weak before May's Brexit stance speech19