Yahoo's core business down to final five bidders - CNBC
Process due to be completed by the end of July
- Sale of the company came about after pressure from investors
Updated : 15:13
The sale of Yahoo's core business has come down to a final round of five bidders, CNBC reported citing sources.
Final bids were expected on Monday for the internet business, as CEO Marissa Mayer said that her company was going through a "robust" screening of its alternatives.
Shares of Yahoo had climbed 14% this year.
Analysts have hinted that the frontrunner to buy Yahoo is US company Verizon, but various other names have been suggested in recent weeks, with bids between $3bn to $5bn touted.
According to the reports, the goal of Mayer's company is to have the process finished by the end of July.
The sale of the company's core business came about after a shove from investors, who had seen Yahoo's stock struggle after reports of advertisement fraud issues.