Yahoo's Board of Directors announced that a committee has been set up to strategically review the independent directors who will be in charge of "exploring alternative strategies", in addition to the existing management structure.
To put it simply, Yahoo! is looking for a buyer, and the company hired one team from its former executives Silicon Valley and lawyers who will investigate a potential acquisition.
A few days before this announcement, the company sacked 15% of its staff (about 1.600 employees) and said it would have to close several departments.
This list includes sites like Yahoo Food, Yahoo Health, Yahoo Parenting, Yahoo Makers, Yahoo Travel, Yahoο Autos, Yahoο Labs και Yahoο Real Estate.
The reserve of Yahoo! peaked in the Marissa Mayer era at the end of 2014, at the time of Alibaba IPO. The stock price is still well above the price at which Mayer took over the company, and despite the recent announcement, the company has been able to grow under her leadership.
Nevertheless, the current position of Yahoo! in the technology market is a simple imprint compared to the beast it once was. Once upon a time (for those who remember) it was considered by many to be the "home page of the Internet" and apparently can not claim the title again.
Its web circulation currently exceeds 1 billion users per month, and ranks fifth on Alexa's global ranking page. This is due to a strong news section, a decent sports website, but also a fairly original video portal.
Current rumors suggest that Verizon could be interested in buying Yahoo !. These rumors are fueled by Mayer's friendship with AOL Tim Armstrong CEO, a former Mayer colleague on Google. For those who do not know Verizon bought AOL last summer for 4,4 billions of dollars.
https://investor.yahoo.net/releasedetail.cfm?releaseid=955792
