Verizon Communications Inc. is nearing a deal to buy Yahoo Inc.'s core internet businesses, an agreement that would end a tumultuous period for the beleaguered internet company.

Verizon, long considered the most likely buyer since Yahoo put itself up for sale, could reach a deal to buy the company in the coming days, according to a person familiar with the matter.

Other bidders that have been vying for Yahoo could re-emerge, and an agreement with Verizon isn't guaranteed, the person cautioned.

Bloomberg News earlier Friday reported that Verizon was likely to prevail in the auction.

Write to Dana Cimilluca at dana.cimilluca@wsj.com

 

(END) Dow Jones Newswires

July 22, 2016 10:25 ET (14:25 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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