Frustrated investors occupy pushed the board to assess bids for its internet operations,signalling that CEO Marissa Mayer may be running out of timeYahoo’s board has hired three investment banking firms to assess potential bids for its internet operations in the clearest sign yet that CEO Marissa Mayer may not occupy much more time to turn around the struggling company.
The move announced Friday comes just two weeks after Yahoo disclosed it would consider “strategic alternatives” while Mayer cuts costs through mass layoffs, office closures and a purge of unprofitable products. Related: Yahoo cutting workforce by 15% after announcing $4.4bn loss Continue reading...
Source: theguardian.com