Yahoo's BOD has been hard at work finding the perfect buyer for Yahoo!
A year after rejecting the idea out of hand, Yahoo's board of directors is now open to the idea of a buyout under the right conditions, according to Kara Swisher at AllThingsD.
Yahoo chairman Roy Bostock and cofounder Jerry Yang have indicated they'd listen to a takeover offer from a "credible" player like former News Corp. President and COO Peter Chernin.
Read more: http://www.businessinsider.com/yahoo-board-may-be-willing-to-sell-the-company-2011-4#ixzz1UdD32Wih
If Yhoo's board is really interested in selling the company they are going about it the wrong way.
They'd publically announce a "Go Shop" order to their investment banks and the WSJ and open the books or else they'd openly hold an auction.
So, since they aren't doing ether of those things that means Yhoo isn't for sale.
Or it means that the Yhoo board is screwing up something that is so easy even a caveman can do it.
In either respect, it means there will not be a buyout.
Here's a Few Scenarios (That Could Be More Than Just Scenarios)
The most likely possible scenarios have Peter Chernin joining with deep-pocketed partners, including Providence Equity Partners and, yes, Microsoft, as well as investment banks or advisory firms, such as Morgan Stanley and Code Advisors.
No good Yahoo scenario plotting can be contemplated without including AOL and its flashy CEO Tim Armstrong. Armstrong has certainly not been averse to the idea of a Yahoo-AOL hookup with him at the top, and has been actively talking to anyone interested in such a deal.
“The truth is that investors are fed up with Bartz. Their enmity towards Bartz is palpable when you talk to them. Bartz talked a big game coming into the job and she hasn’t delivered. It’s that simple.”
Well, not that simple and maybe not fair, but it’s also clear that no one thinks Bartz will be re-upped when her contract is up in 18 months.
Thus, it’s no surprise that ideas of other possible leaders of Yahoo are being contemplated now.
Here’s the short list I have made of my choices: Akamai President and Yahoo board member David Kenny; former Microsoft exec and current Juniper Networks CEO Kevin Johnson; former AOL CEO and current News Corp. digital head Jon Miller; and Nikesh Arora, current Chief Business Officer and sales head at Google.
There are plenty more to pick from, of course, and any could be installed in conjunction with an effort such as Chernin’s.