TPG Said Among Three Buyout Groups to Make Final Yahoo Bid Round

Private equity suitors TPG, Advent International Corp. and a partnership of Sycamore Partners and Vector Capital Management are into the final round of bidding for Yahoo Inc., according to people familiar with the matter.

The three buyout groups join Verizon Communications Inc., AT&T Inc. and Quicken Loans Inc. founder Dan Gilbert in the last weeks of the bidding process, with each vying to win Yahoo’s core Internet business, as well as some of its intellectual property and real estate assets.

All of the offers value Yahoo from about $4 billion to $6 billion except for Verizon, said one of the ...