The Wall Street Journal is now reporting that potential buyers of Yahoo! web and Asian assets have until April 11th to submit bids.
In letters sent to possible buyers in recent days, Yahoo advisers asked them to submit proposals for their bids, including what assets they hope to acquire and for what price. Some buyers may be only interested in Yahoo’s core Web business, or pieces of it, while others may also propose bids for stakes in Alibaba Group Holding Ltd. or Yahoo Japan.
The company set an April 11 deadline for the bids, one of these people said.
The bidders were also asked for details on how they would finance a purchase, what conditions or approvals would have to be met on their end, and what key assumptions they would be making by deciding to move forward with a deal, the people said. Assumptions might include how much of a tax bill would likely be incurred by a separation of the Alibaba and Yahoo Japan assets from the core business.
A Yahoo spokesman didn’t have immediate comment.