Yahoo! has been a staple of the Internet for years, getting its start way back in 1994. From its humble beginnings as a simple search engine, the site grew into something a lot larger, becoming one of the most popular websites on the Internet. With a web portal covering all sorts of topics from sports, to politics, e-mail, video, and numerous other services, Yahoo! became a destination for all sorts of users of the World Wide Web. Recently though, it seems as though most of the news with Yahoo! has been bad. Today it’s been reported that along with their Q4 financial reports, Yahoo! had some other not-so-happy news.
After discussing their Q4 financials, Yahoo! Chairman Maynard Webb had the following to say:
The Board also believes that exploring additional strategic alternatives, in parallel to the execution of the management plan, is in the best interest of our shareholders. Separating our Alibaba stake from our operating business continues to be a primary focus, and our most direct path to value maximization. In addition to continuing work on the reverse spin, which we’ve discussed previously, we will engage on qualified strategic proposals.
That’s a whole lot of corporate mumbo-jumbo speak that could just as easily been summed up in two words: “Who’s buyin’?” If that wasn’t completely clear (after stripping away the typical corporate-speak), you can blame some of the confusion on Yahoo! CEO Marissa Mayer, who took a slightly different approach:
Today, we’re announcing a strategic plan that we strongly believe will enable us to accelerate Yahoo’s transformation. This is a strong plan calling for bold shifts in products and in resources.
Transformation sounds a whole lot like someone who isn’t quite ready to let go… To be fair, since coming over from Google back in 2012, Mayer has had a generally positive impact on the company. This time though, it seems that not even Mayer can drag the albatross that is Yahoo! back from the edge. You can read more about the Q4 numbers for Yahoo! at the source link below.
If Yahoo! sells, who would be some acceptable buyers? Let us know what you think in the comment section below, or on any of your favorite social media sites.Source: Re/Code