WSJ : Yahoo's Internet Business Draws Interest

(RTTNews) - Several potential suitors are emerging for Yahoo! Inc.'s (YHOO) core Internet business, from media and telecommunications giants to private-equity firms, as Yahoo weighs whether to put it up for sale, the Wall Street Journal reported citing people familiar with the matter.

Among the companies that would likely explore a purchase are Verizon Communications Inc. and Barry Diller's IAC/InterActive Corp. Others might be interested in pieces of Yahoo, if they become available, including News Corp, owner of The Wall Street Journal, and magazine publisher Time Inc., the report said.

The report also noted that Private-equity firm TPG Capital has looked at buying media properties within Yahoo.

On Tuesday, the Journal reported that Yahoo board planned to weigh a potential sale of the company's core business during a series of meetings beginning Wednesday and continuing through Friday.

The board was expected to discuss whether to proceed with a plan to spin off more than $30 billion in shares of Alibaba Holding Group Ltd., find a buyer for Yahoo's core business of Web properties, or both.