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Verizon's bid for Yahoo is more than $3.5 billion, according to the report, and is "among the lower bids." Earlier this week, $4 reported that Verizon's bid would come at around $3 billion.
Last month, $4, "ranging from about $4 billion to $8 billion," citing people familiar with the matter.
The final round of bidding for Yahoo is expected to end by the middle of July, $4.
Verizon competitor AT&T has also made a bid for Yahoo, $4. The company had initially decided against bidding in April but has since changed its mind.