Summary Yahoo Inc reported a 5.2 percent rise in total quarterly revenue.
NEW YORK (Reuters): Yahoo Inc reported a 5.2 percent rise in total quarterly revenue, a sign of strength in its troubled core Internet business it is auctioning off.
Yahoo s total revenue rose to US$1.31 billion in the second quarter ended June 30 from US$1.24 billion a year earlier.
After deducting fees paid to partner websites, revenue fell to US$841.2 million from US$1.04 billion.
Yahoo is in the process of auctioning off its core search and advertising business and reports suggested that a final bidder would be picked on July 18.
Verizon Communications Inc and AT&T Inc are said to be in the running, as well as private equity firm TPG Capital and a consortium lead by Quicken Loans founder Dan Gilbert and backed by Berkshire Hathaway Inc Chairman Warren Buffett.
