Yahoo Is Exploring The Possibility Of Selling Itself

In the burgeoning days of the internet, Yahoo was to internet users what Google is to everyone these days. Safe to say that despite Yahoo’s best attempts, the company hasn’t really been doing as well as it should, and it looks like the company is now putting itself up for sale, or at the least very are exploring the idea of selling themselves.

The company has recently announced that they have put together a committee of independent directors who will help formulate strategic options for the company. In fact this isn’t the first time that the idea of Yahoo selling itself has come up. Last year there were reports that Yahoo was considering selling off their web business like Yahoo Mail, and if anything it looks like this recent announcement has confirmed it, at least in part.

The company’s CEO Marissa Mayer has been resisting the call to sell the company outright, but many investors have reportedly lost faith in her abilities to improve the company. In a statement put out by Yahoo’s board of directors, they remain “thoroughly committed to exploring strategic alternatives while simultaneously supporting management and the employees in their implementation of Yahoo’s strategic plan. We believe that pursuing these complementary paths is in the best interests of our shareholders and will maximize value.”

Tyler Lee
Categories: Web
Tags: Yahoo