Verizon to bid $3B for Yahoo’s core Internet business

Verizon Communications will be bidding about US$3 billion for the Internet assets of ailing Yahoo, according to a newspaper report.The communications company will try to beat other potential bidders  such as private-equity firm TPG with a deal that would likely aim to combine Yahoo Web properties, with over 1 billion users a month, with Verizon’s growing business in online ads, the Wall Street Journal reported late Monday.The bidding is far from final and Yahoo is expected to hold at