Verizon Nears Deal for Yahoo's Internet Businesses

Verizon Communications Inc. is nearing a deal to buy Yahoo Inc.'s core internet businesses, an agreement that would end a tumultuous period for the beleaguered internet company.

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Verizon, long considered the most likely buyer since Yahoo put itself up for sale, could reach a deal to buy the company in the coming days, according to a person familiar with the matter.

Other bidders that have been vying for Yahoo could re-emerge, and an agreement with Verizon isn't guaranteed, the person cautioned.

Bloomberg News earlier Friday reported that Verizon was likely to prevail in the auction.

Write to Dana Cimilluca at dana.cimilluca@wsj.com

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