Yahoo has received more than 10 bids for its core internet business, with reports suggesting that up to $8bn (£5.5bn) may be paid out to purchase the internet giants central operations.

According to Bloomberg, Yahoo is seeking to narrow down the list of potential bids to seven over the next week, having already eliminated around a number of first-round bids. However, it will take at least another month to announce the final winner and begin the process of selling off large parts of Yahoos core.

Among the bidders are Verizon, TPG, YP Holdings and a group of investors including Vista Equity Partners, Bain Capital and up to two strategic firms. In an earnings call earlier this week, Marissa Mayer, CEO of Yahoo, called the sales process the companys “top priority” at the moment, and she is reportedly holding meetings with various involved parties every day in an effort to build a deal.

While the 10-plus list of companies who are still in the bidding makes for an impressive roster of businesses, its a much smaller group than many rumours surrounding the sale suggested, with notable missing firms including Rakuten and Time Inc.

Softbank, which currently owns a majority share in Yahoo Japan, has not made a bid for the remainder of the core business, but has held talks with Verizon about Yahoos minority stake in its Japanese partner site, according to a source familiar with the matter.