Verizon appears well positioned to acquire Yahoo's online assets as the deadline nears for preliminary bids. And as expected, AT&T and Google parent Alphabet reportedly aren't in the running.
Verizon has emerged as the "clear favorite" to acquire key Internet business assets from struggling search and media giant Yahoo.
Verizon is the "clear favorite" to walk away with Yahoo's valuable online business, according to Reuters, as the nation's largest wireless carrier increasingly focuses on expanding its fledgling media operations.
Yahoo Screen may be defunct, but that isn't stopping OpenTV Inc., a subsidiary of European media company Kudelski Group, from citing it in a counter lawsuit alleging that Yahoo is infringing on 10 of its patents.
The Kudelski Group has filed a counter patent infringement lawsuit against Yahoo through its OpenTV Inc. subsidiary, alleging the foundering search and Internet media giant has improperly treaded on 10 patents through its Yahoo Smart TV, Yahoo Connected TV, Yahoo TV, Yahoo fantasy gaming businesses and the defunct Yahoo Screen.
Verizon is reportedly set to bid on Yahoo's Internet business next week, while Google is still mulling an offer and AT&T is set to sit out.
Verizon intends to bid for Yahoo's web business next week, according to a Bloomberg report, and Google is considering making an offer as well. But AT&T is out of the running.
Short-form social media site Twitter is going long on its video strategy, beating out a field of linebacker-sized contenders like Verizon and Amazon to win the rights to stream 10 of next season's NFL games. Twitter reportedly paid less than $10 million for the entire package, even though other OTT providers bid over $15 million for the rights, according to Re/code.
Yahoo recently set April 11 as the date to submit preliminary bids for its core search and display advertising business, setting off speculation again about whether Verizon will acquire the embattled Web property. But while gaining Yahoo's ad business wouldn't "catapult Verizon to the top" of the advertiser heap, a new Wall Street Journal article says, the purchase would give Verizon and AOL a stronger competitive edge.
Building on its experience live-streaming select NFL games last season, Yahoo is partnering with the National Hockey League to bring a number of its games to online viewers. An NHL "Game of the Day" will live-stream up to four days per week on the Yahoo Sports page.