Pursuits
Dan Gilbert, AT&T Each Bid $5 Billion for Yahoo, Patents
- Gilbert said confident in chances of winning Yahoo auction
- Yahoo board hasn’t met to decide who will make final round
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Dan Gilbert, the founder of Quicken Loans Inc. and owner of the Cleveland Cavaliers basketball team, and AT&T Inc. each bid about $5 billion for Yahoo Inc.’s core business, patents and real estate assets, people with knowledge of the matter said.
Verizon Communications Inc. made an offer between $3.5 billion to $4 billion for only Yahoo’s core business, according to two people familiar with that situation, who asked not to be identified because the information is private.