Yahoo sets April 11 deadline for preliminary bids: WSJ

(Reuters) – Yahoo Inc has set an April 11 deadline to submit preliminary bids for its web business and Asian assets, The Wall Street Journal reported on Monday, citing sources. Yahoo asked bidders details regarding financing, conditions or approvals that 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 Journal said, citing a letter sent to possible bidders. Yahoo could not be immediately reached for a comment outside regular business hours.

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Yahoo sets April 11 deadline for preliminary bids: WSJ

Yahoo to cut 15 percent jobs, close several units: WSJ

(Reuters) – Yahoo Inc Chief Executive Marissa Mayer is set to reveal cost-cutting plans that include slashing 15 percent of the company's workforce, or roughly 1,600 jobs, and closing several business units, the Wall Street Journal reported on Monday. The plans are expected to be announced after Yahoo's fourth-quarter results on Tuesday, the Journal reported, citing people familiar with the matter. A Yahoo spokeswoman said the company could not comment during its quiet period before releasing earnings.

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Yahoo to cut 15 percent jobs, close several units: WSJ