Mergers and Acquisitions

Markets

Yahoo Sets Deadline For Suitors

Yahoo Inc. has given potential suitors two weeks to submit preliminary bids for its core Web business and Asian assets, according to people familiar with the matter.

Markets

New Tax Rules Are Met With Protest

A day after the Obama administration limited the ability of U.S. companies to do international deals to lighten their tax burdens, Pfizer and Allergan terminated their planned $150 billion merger and other companies around the globe raced to assess the impact of the new rules.

Markets

Yahoo Suitors Expected to Bid Below Past Indications

Verizon Communications and others are expected to bid around $2 billion to $3 billion in the auction for Yahoo's core business, less than what the troubled Internet pioneer was expected to fetch, according to people familiar with the matter.