Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Share Post: Reddit Facebook
End of an Era: Yahoo! Goes Up for Sale
#1
Board of Directors forms a review committee for finding buyers, analyzing offers, and carrying out negotiations

Yahoo!'s Board of Directors has announced it formed a Strategic Review Committee of independent directors who are tasked with "exploring strategic alternatives" alongside its existing management structure.

Put in simpler words, Yahoo! is looking for a buyer, and the company hired a group of former Silicon Valley execs and lawyers to search and field offers for a possible acquisition.

Just days prior this announcement, the company also laid off 15% of its staff (~1,600 employees) and said it would be closing down various business verticals.

This list includes sites like Yahoo Food, Yahoo Health, Yahoo Parenting, Yahoo Makers, Yahoo Travel, Yahoo Autos, Yahoo Labs and Yahoo Real Estate.
As you can see, these are all smaller magazines which failed to attract a following and are now being cut off to avoid dragging the company's profits down.

Mayer didn't fail, but she didn't succeed either

Yahoo! stock reached its peak value in the Marissa Mayer era at the end of 2014, at the time of the Alibaba IPO. Stock price is still well above the value at which Mayer took over the company, and despite the recent announcement, the company managed to grow under her tutelage.

Nevertheless, Yahoo!'s current position on the tech market is only a mere shadow of what the behemoth was once, being considered the "Internet homepage" long before Reddit could take credit for that title.

Web traffic is still at over 1 billion users per month, and the company is ranked fifth in Alexa's global traffic rankings. This is thanks to a strong news section, a respected sports division, and a quite original video portal.

Current rumors say that Verizon might be interested in purchasing Yahoo!. These rumors are driven Mayer's long-time friendship with AOL CEO Tim Armstrong, a former colleague with Mayer at Google. Verizon bought AOL last summer for $4.4 billion.

Source
Reply


Possibly Related Threads…
Thread Author Replies Views Last Post
  Yahoo Devs Praise Microsoft’s Windows 10 App Concept tarekma7 0 1,918 02-17-2016 , 05:28 PM
Last Post: tarekma7

Forum Jump:


Users browsing this thread: 1 Guest(s)