Yahoo extends the Deadline for bid to April 18

Marissa Mayer,Chief Executive, Yahoo

Yahoo has extended the deadline to bid for its businesses by a week to April 18, technology news website Re/code reported, citing people familiar with the matter.

Marissa Mayer,Chief Executive, Yahoo

Initially the deadline was set 11th April but now the deadline has been extended y 18th April.

Yahoo announced the auction program of his core business including Search, mail and News site after abandoning its plan to spin-off its stake in Chinese e-commerce giant Alibaba Group Holding Ltd.

According to report by Bloomberg, Verizon Communications Inc is in the list of top bidder by also making an offer for a stake in Yahoo Japan Corp. The list includes Google and Facebook.

Bloomberg said many companies that had been seen as likely investors in Yahoo were not planning a bid, including AT&T, Comcast, and Microsoft.

Yahoo is also under pressure from activist investor Starboard Value LP which moved to overthrow the entire board of the company, including Chief Executive Marissa Mayer, last month.

Yahoo spokeswoman Rebecca Neufeld said the company had no comment.

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

A freelance Technical Writer, worked as a Software and Web Developer, a Product Support Specialist in World Wide Web, experienced in Digital Marketing and a Technical Journalist in computer publishing industry.