The likely outcome: the dwindling remains of Yahoo and AOL united under Verizon for a new generation of consumer data exploitation; also see Why these firms want to buy Yahoo — and the antitrust concerns they could face if they do (The Washington Post)
"Verizon Communications plans to make a first-round bid for Yahoo’s Web business next week and is willing to acquire the company’s Yahoo Japan stake to help sweeten the offer, according to people familiar with the matter.Verizon plans bid to buy Yahoo’s Web business, sources say - The Washington Post
Google, the main division of Alphabet, is also considering bidding for Yahoo’s core business, a separate person said.
Potential suitors AT&T and Comcast have decided against bidding, some of the people said, speaking on the condition of anonymity because the discussions aren’t public. Microsoft, which failed with a hostile bid for Yahoo in 2008, will not bid this time, another person said."