Yahoo Plans to Say It Is Exploring Strategic Options
February 02 2016 - 3:59PM
Dow Jones News
By Dana Mattioli and Douglas MacMillan
Yahoo Inc. on Tuesday plans to announce it is exploring
"strategic alternatives" for its struggling Internet business,
people familiar with the matter said.
The announcement, which is expected to come along with a
fourth-quarter earnings report after the market close, would be the
strongest indication that Yahoo's board is considering a sale of
all or part of its Web properties.
Executives at Verizon Communications Inc. have publicly
expressed interest in buying Yahoo, and others, including firm
private-equity firm TPG Capital, have considered bidding for parts
or all of the Web business, according to people familiar with the
matter.
In December, Yahoo Chief Executive Marissa Mayer and Chairman
Maynard Webb said in an interview that a sale isn't the most likely
outcome. But Mr. Webb said then that the board has a fiduciary duty
to entertain any offers.
Write to Douglas MacMillan at douglas.macmillan@wsj.com
(END) Dow Jones Newswires
February 02, 2016 15:44 ET (20:44 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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