NEW YORK (TheStreet) -- Yahoo! (YHOO) stock is rising by 0.57% to $35.43 in morning trading on Tuesday, after the company set an April 11 deadline for suitors to submit preliminary bids for its core Internet business and Asian assets, sources told the Wall Street Journal.
Yahoo! advisers have asked potential buyers to submit proposals for their bids.
These proposals should include information such as assets of interest, prices the bidders can pay, how they would finance a purchase, what conditions must be met on their end and what key assumptions they would be making in moving forward with a deal, the Journal adds.
Possible suitors include Verizon (VZ), IAC/InterActiveCorp. (IAC) and Time Inc. (TIME), as well as private equity firms TPG and KKR.
Additionally, Microsoft (MSFT) is in talks with private-equity firms about helping to finance a buyout.
With this timeline, Yahoo! could close a deal before its annual shareholder meeting this summer, during which shareholders will vote on whether to replace all nine members of its board, the Journal notes.
"I believe the preferred route for Starboard and for management is for [Yahoo] to find a suitor before the shareholder meeting," Youssef Squali, an analyst at Cantor Fitzgerald, told the Journal.
Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C-.
Yahoo!'s strengths such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins are countered by weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow.
You can view the full analysis from the report here: YHOO
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 article's author.