Yahoo "eager" to sell, not focusing on CEO hunt, NY Times says
Yahoo "eager" to sell, not focusing on CEO hunt, NY Times says Yahoo (YHOO) is "eager" to sell itself, and the company isn't "immediately focused" on finding a new CEO, according to The New York Times, which cited several unnamed sources. Although the troubled Internet company is working with top recruiting firm Heidrick & Struggles (HSII) to find a new CEO, "little progress" has been made on the search, the newspaper adds
Yahoo deciding what to do with its foreign investments, WSJ reports Yahoo (YHOO) has a new plan that will determine what happens to its overseas investments, and has explored what could be a tax free way to dispose of its approximate 40% stake in the Chinese company Alibaba Group Holding, critical to a deal to sell the company, reports the Wall Street Journal.
This buyout is definaltly going to happen, it's just a matter on time. You would be a fool to sell your shares now.
"buyout firms see potential for its U.S. advertising business to generate more revenue under new ownership, or through partnerships, and by boosting Yahoo's presence on mobile devices. Nearly 700 million users touch its network of sites every month, and many of its news, sports, finance and entertainment sites are No. 1 in their categories."