Yahoo says it has made 'substantial progress' toward a sale
 

Yahoo says it has made 'substantial progress' toward a sale
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Marissa Mayer has fought the good fight, and **w that fight might be ending.

Mayer struck a conciliatory tone in Yahoo's 2016 first-quarter earnings released on Tuesday, saying that the company had been working toward a sale — and that she is in agreement that this is what should be done.

SEE ALSO: Marissa Mayer might finally sell Yahoo


"In tandem, we made substantial progress towards potential strategic alternatives for Yahoo. Our board, our management team, and I are completely aligned on this top priority for shareholders," she said in the earnings release.

Investors have been turning up the pressure on Mayer to sell Yahoo in the hopes that the company would be able to transfer the value of its sizable holdings in Alibaba and Yahoo Japan without taking a major tax hit.* Read more...


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