NEW YORK (TheStreet) -- Yahoo!'s (YHOO) final bids are due Monday, July 18, after a drawn-out auction and the company's board is set to make a decision as to who wins the bid soon after, Bloomberg TV's David Guru reported on "Bloomberg Markets" citing a New York Times report.
Verizon (VZ), AT&T (T), and Quicken Loans' founder Dan Gilbert are expected to make a bid on Yahoo that range between $3 billion to $6 billion depending on what assets are accounted for in the bids, Bloomberg TV Emily Chang said.
It is assumed the companies are bidding for Yahoo's core assets, which include search, emails, media, and advertising, she said.
"It's very unclear what exact company is bidding for what, and what they plan to do with Yahoo if they are indeed the winning bid," Chang said.
There have been discussions that Verizon would consider merging Yahoo with AOL and Tim Armstrong, CEO of AOL, would run the combined company, she said.
Additionally, Yahoo will report its 2016 second quarter earnings on Monday.
Yahoo's stock closed down 0.63% to $37.73 this afternoon.
Separately, TheStreet Ratings team set this stock at a "hold" with a ratings score of C-. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, TheStreet Ratings team also finds weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share.
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: YHOO