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Verizon Joins List of Yahoo Suitors

The number of bidders for Sunnyvale-based Yahoo Inc. is growing. Verizon Communications Inc. plans to make a first-round bid next week for Yahoo’s Web business, and is reportedly working with at least three financial advisers on the offer.

Other suitors may include Google, which is reportedly considering bidding on Yahoo’s core business. Time Inc. is evaluating a bid, while private equity funds Bain and TPG could bid, either alone or with a strategic acquisition partner. Among the companies not planning to bid are AT&T, Comcast, and Microsoft.

Earlier this year, Yahoo began exploring strategic alternatives, including selling its main Internet operations. The company’s stock has declined about 20 percent in the past 12 months, as turnaround efforts stalled and sales sagged, leaving the company vulnerable to activist investors.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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