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02-19-2016, 10:52 PM
One of the most powerful Internet companies is officially for sale
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Yahoo has admitted what everyone already knew — the company is up for sale.
And to make sure it's taken seriously, Yahoo is bringing in outsiders to drum up interest.
The company an**unced on Friday the formation of "a Strategic Review Committee of independent directors" to explore "strategic alternatives." Put more plainly, Yahoo has hired bankers and lawyers to field offers that can be presented to the company's board of directors.
SEE ALSO: Marissa Mayer might finally sell Yahoo (http://mashable.com/2016/02/02/marissa-mayer-still-believes-she-can-save-yahoo/)
The moves come after a particularly dark time for Yahoo, marked by layoffs that are cutting around 15% of its workforce and include the shuttering of many of its content verticals such as food, health and travel (http://www.capitalnewyork.com/article/media/2016/02/8591214/ax-falls-yahoo). Read more... (http://mashable.com/2016/02/19/yahoo-admits-what-everybody-already-k**w-it-s-looking-to-sell/)
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Yahoo has admitted what everyone already knew — the company is up for sale.
And to make sure it's taken seriously, Yahoo is bringing in outsiders to drum up interest.
The company an**unced on Friday the formation of "a Strategic Review Committee of independent directors" to explore "strategic alternatives." Put more plainly, Yahoo has hired bankers and lawyers to field offers that can be presented to the company's board of directors.
SEE ALSO: Marissa Mayer might finally sell Yahoo (http://mashable.com/2016/02/02/marissa-mayer-still-believes-she-can-save-yahoo/)
The moves come after a particularly dark time for Yahoo, marked by layoffs that are cutting around 15% of its workforce and include the shuttering of many of its content verticals such as food, health and travel (http://www.capitalnewyork.com/article/media/2016/02/8591214/ax-falls-yahoo). Read more... (http://mashable.com/2016/02/19/yahoo-admits-what-everybody-already-k**w-it-s-looking-to-sell/)
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