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Yahoo Said to Narrow Field of Bidders as Soon as Next Week

First-round bidders for Yahoo! Inc. could find out as early as next week whether they’ve made it through to the next stage.

Yahoo’s advisers will spend the weekend narrowing down the field of bidders after receiving more than 10 initial offers for the Internet company ranging from about $4 billion to $8 billion, according to people with knowledge of the matter.

Several first-round bidders will be eliminated to slim down the group, the people said, asking not to be identified because the process is private.

After culling the list to a handful of the most plausible buyers, Yahoo will give them increased access to internal documents and management, one of the people said. A decision on a winner is probably at least a month away, the people said.

Yahoo Chief Executive...


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