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Report: Verizon close to buying Yahoo

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Report: Verizon close to buying Yahoo

VerizonCommunications Inc. is close to buying Yahoo! Inc., Bloomberg News reported July 22, citingsources with knowledge of the details.

The two companies are reportedly engaged in talks, and adeal could be announced in the coming days, sources said.

Other bidders that participated in the final round wereQuicken Loans Inc. founderDan Gilbert, Vector CapitalManagement LP, AT&T Inc. and private equity suitor TPG.