In addition to firing CEO Carol Bartz, Yahoo's board has now put the company up for sale.
The person who briefed the Wall Street Journal on the Bartz firing also told the paper that "Yahoo is open to selling itself to the right bidder."
That's the equivalent of sticking a FOR SALE sign on the lawn.
11:36 am on Sep 7, 2011 (gmt 0)
Nobody ever seems to be able to resurrect these companies. Too bad, seems like such a waste for it to either disappear or keep driving into the ground.
11:48 am on Sep 7, 2011 (gmt 0)
Offers a long way south of $44.6 billion will begin arriving...Probably with Ballmer leading the calls.
11:54 am on Sep 7, 2011 (gmt 0)
I didn't think that Microsoft were interested in Yahoo after the 10 year seach deal was signed. Ballmer may be interested if they can get Yahoo for a low ball offer.
Yahoo should have sold out to Microsoft when they had the chance....Yang's fault...I bet the shareholders were livid that the deal didn't go through.
12:44 pm on Sep 7, 2011 (gmt 0)
You know who should buy Yahoo!? Apple.
I don't know why that is, but it'd be interesting if they did.
1:02 pm on Sep 7, 2011 (gmt 0)
Apple need Yahoo! like a fish needs a bicycle..and with the transition from Jobs in the driver's seat to deal with ..a unicycle for a fish would be closer to the mark as not a good match.
MS like to have as much control as they can ( direct or indirect ) over who they work with ..They have invested time and money in the deal with Yahoo! ..A little more money ( which was already earmarked for the deal ..and which Ballmer needs no-ones "go ahead" to spend in that direction ) and they'd have the control they need to make them feel comfortable..
How we feel about how that might pan out .. is immaterial..
Yang was a fool once ..will the others let him be a fool twice ?
2:31 pm on Sep 7, 2011 (gmt 0)
Maybe if we all pitched in... lemme see, I got 43 cents and a wintergreen Lifesaver here...
3:14 pm on Sep 7, 2011 (gmt 0)
Kidding aside, I thought I read somewhere that Yahoo! still gets a ton of traffic from all of it's non-search properties. Which is why I believe that it still has the ability to revamp itself.
Even their directory still has some potential, paid listings and advertising. And their news, and so on.
4:01 pm on Sep 7, 2011 (gmt 0)
Oddly, I saw Yahoo search traffic (and conversions from it!) pretty significantly up this year over last. I mean, nowhere near Google or even Bing, but definitely up.
Also oddly, they are still sending me periodic warnings about my Yahoo PPC accounts, which were all closed down two years before they merged into Binghoo.