AT&T shares took a hit in Friday’s session on news that the company made a second-round offer for Yahoo’s core internet assets. AT&T along with Verizon Communications both made second-round offers. Yahoo will put together a new shortlist of bidders from which it will solicit binding offers, according to Reuters. On Thursday, CNBC reported that Verizon’s bid of more than $3.5 billion was topped by multiple offers at or above $5 billion dollars. Yahoo’s board of directors is planning to meet Friday to review the second round of bids, according to CNBC.
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