Re/code's Swisher Reports Yahoo Deadline For Bids Pushed Back One Week

Re/code's Kara Swisher reported on Friday that Yahoo! Inc. (NASDAQ: YHOO) extended its deadline for potential buyers of its internet assets to submit bids.

Swisher, citing "sources close to the situation and the blabby bankers they talk to," noted that Yahoo pushed its April 18 deadline by one week because there may be a lot of "kvetching about the weakness of Yahoo's core business."

Swisher further suggested that it's unclear who will continue with bid submissions.

"We'll see who bids — and, more to the point, who gets passed through to the next round," Swisher wrote. "It's a little like the Hunger Games, except you get to live and then have to overhaul the Silicon Valley Internet giant. Right now among bidders, there is a lot of kvetching about the weakness of Yahoo's core business, mulling because it is still full of tasty assets like the video and ad tech and posturing over level of interest."

Meanwhile, Swisher opined that an offer from Alphabet Inc (NASDAQ: GOOG) is "highly unlikely," SoftbBank is only "swooping in" to renegotiate fee payments with Yahoo, and reception from AT&T Inc. (NYSE: T) is "lukewarm."

As for news that Verizon Communications Inc. (NYSE: VZ) will submit a bid, according to Swisher this is "not news, because they have said publicly at least 53 times that they will."

"And now Yahoo has gifted us with another week of speculation — may the odds be ever in our favor that this can only go on for a few months more," Swisher concluded.