YP Holdings plans first-round bid to merge with Yahoo: source

April 18, 2016 7:16 PM

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YP Holdings plans first-round bid to merge with Yahoo: source

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.

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