Thread: Yahoo! "open to selling itself to the right bidder"

Following the ousting of CEO Carol Bartz several hours ago, it appears Yahoo may be considering selling itself off. In the Wall Street Journal’s report about Bartz’s removal, a ‘person familiar with the matter’ notes that “Yahoo is open to selling itself to the right bidder.”



Yahoo, of course, remains one of the most valuable Internet media properties, with some 600 million people using its sites or services every month. It's market value was more than $16 billion, and that was before shares jumped more than six percent in after hours trading Tuesday, following news of Bartz's firing. Yahoo also has valuable stakes in China's Alibaba Group and in Yahoo Japan. So you can expect investment bankers and other advisors to visit the company's headquarters in Sunnyvale, Calif., to talk about selling those assets, which Yahoo has considered before. That's likely to be the easy part. But no one -- certainly no one at Yahoo -- seems to have figured how to stop the long, agonizing decline of an erstwhile Internet giant.

Source
And Now Yahoo Has Put Itself Up For Sale...