Yahoo Hires Bankers and Independent Committee Exploring Options

[engine]

Yahoo continues to investigate its options and has announced it has established an independent committee to explore "strategic alternatives."

Yahoo Inc. said Friday that it has hired banking advisers and formed a special committee to explore its strategic alternatives, the latest indication that the Internet company is serious about pursuing a possible sale.

The company said the committee and its advisers—Goldman Sachs & Co., J.P. Morgan Chase & Co. and PJT Partners Inc. —are creating a process for reaching out to potential interested parties. Yahoo Hires Bankers and Independent Committee Exploring Options [wsj.com]

[JS_Harris]

I can't stand how biased Yahoo news is politically and their articles being generated by whoever wants to write for them leaves a bit to be desired. For those reasons I rarely use Yahoo anymore, until sports season!

Yahoo has one of the best free fantasy sports systems out there, bar none, I hope they don't tinker with that.

Sadly if the banks are getting involved now it's probably time to start shutting down that yahoo email account, the spam will flow soon enough.

[tangor]

Started to post this and yawned. I encountered the Register's article ( [theregister.co.uk...] ) before this posting and having read the tortured company gobblygook about realigning initiatives (paraphrase, "we goofed and the bucks are flying out the door and we need to sell stuff off now!") it couldn't happen to a nicer company ... given the fact that yahoo lost cred more than a few years back.

[EditorialGuy]

Somebody's still using Yahoo!, because we get nearly as much search traffic from Yahoo! as we do from Bing. I can't help wondering who those searchers are, though. (Probably the same people who keep on paying AOL for dial-up.)

[JS_Harris]

They're the sports fanatics who eat up Yahoo's brand of free fantasy sports I bet :)