Yahoo extends deadline for bids for a week to 18 April: Report

Yahoo has extended the deadline to bid for business for a week to April 18, he reported the news site Re / code technology, citing people familiar with the matter.

Yahoo, whose shares rose 1.7 percent in early trading, had set a deadline of April 11 for preliminary bids, which could produce an agreement by June or July, reported by the Wall Street Journal.

Yahoo has launched an auction of its core business of Internet, including search, mail and news sites, after abandoning his plan to spin off its stake in Chinese e-commerce giant Alibaba Group Holding Ltd.

The company has been struggling to keep up with the unit alphabet Google Inc and Facebook Inc in the battle for online advertisers.

Verizon Communications Inc is set to make a bid for Yahoo Internet business, and hopes to make a more successful fusion also bidding for a stake in Yahoo Japan Corp., Bloomberg reported Thursday.

Google is also considering a bid for Yahoo's core business, Bloomberg, citing a source.

However, Re / code Kara Swisher said a Google deal was "very unlikely".

Yahoo is also under pressure from investor Starboard Value LP who moved to bring down the whole administration of the company, including CEO Marissa Mayer last month.

Rebecca Neufeld Yahoo spokesman said the company had no comment.

Yahoo shares, which have risen about 9 percent since the beginning of the year, rose 1.4 percent to $ 36.67 in early trading.