Recode and Bloomberg are reporting that Verizon plans to announce on Monday a deal to buy Yahoo, according to sources with knowledge of the situation – Bloomberg – @AceFinanceNews

#AceFinanceNews – July.24: Verizon in one-on-one talks with Yahoo to buy internet assets, apparently beating out rival bidders, say sources – Bloomberg

http://bloom.bg/2af4QGY

Recode and Bloomberg are reporting that Verizon plans to announce on Monday a deal to buy Yahoo, according to sources with knowledge of the situation.

The deal is reported to be valued at almost $5 billion and is expected to be announced pre-market, sources say.

Others interested in buying Yahoo have included private equity firm TPG and a group led by Quicken Loans’ Dan Gilbert, according to Recode … Developing story …..

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