The bidding process for Yahoo's Web assets has shaken out some interested parties, leaving Verizon as one of the frontrunners and making the value of its patent portfolio a wildcard in the complicated, multi-player process of breaking up Yahoo.

As ever with Yahoo's next steps, there could still be surprises in store. On Monday YP Holdings, the digital successor to the Yellow Pages, emerged as a bidder, according to Bloomberg. The company, which has 70 million users monthly, is submitting a merger proposal as part of Yahoo's first-round bid process, which ends Monday.  YP declined comment on the report.

Meanwhile, many of the expected dozens of companies thought to be potential bidders have fallen by the wayside with AT&T, Comcast, Alphabet, the parent company of Google, and IAC/Interactive, the Web media company chaired by Barry Diller, excusing themselves from the process, according to The Wall Street Journal, which cited persons familiar with the situation.

Source: USA Today

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