Who cares how #Yahoo ’s business performed in its fourth quarter?
The main point: It’s officially for sale.
Said Yahoo chairman Maynard Webb: “The Board also believes that exploring additional strategic alternatives, in parallel to the execution of the management plan, is in the best interest of our shareholders. Separating our Alibaba stake from our operating business continues to be a primary focus, and our most direct path to value maximization. In addition to continuing work on the reverse spin, which we’ve discussed previously, we will engage on qualified strategic proposals.”
This is stating the very obvious. Strategic alternatives is code for: Come on down, #Verizon! Hey there, #AT&T! All private equity guys welcome here!
Meanwhile, over on another planet, CEO Marissa Mayer said that Yahoo was going to keep trying to turn itself around.
“Today, we’re announcing a strategic plan that we strongly believe will enable us to accelerate Yahoo’s transformation,” said Mayer. “This is a strong plan calling for bold shifts in products and in resources.”
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