10:51 • 1 year ago

With CEO Carol Bartz fired, is Yahoo preparing to sell itself?

fired Last night, Carol Bartz got pushed out at Yahoo, a move that, while swift, wasn’t totally unsurprising — she didn’t exactly win a lot of fans for her handling of the company over the past two years. The stock price went up immediately after the announcement.
sold? Now, a Wall Street Journal article uses this phrase: “One of these [independent directors] said Yahoo is open to selling itself to the right bidder.” Yahoo famously dodged a sale to Microsoft in 2008, and since then, their value has declined significantly. Oops. source

Adapted from Tumblr Related Posts by Dom Claxton

ShortFormBlog is the product of Ernie Smith, Seth Millstein, Chris Tognotti, Sami Main, Scott Craft, Matthew Keys, Julius the laid-off RSS robot, awesome links from awesome sources, a hacked version of Wordpress, Tumblr's Tumblarity, the letter Q, the number 13 and a series of tubes.