Yahoo just officially hung up a "for sale" sign. Company chairman, Maynard Webb writes that Yahoo is "exploring additional strategic alternatives" to the four-point growth plan the company writes in a press release.The company just reported its Q4 earnings and even though it met expectations, it also announced that it will cut 15% of its workers.
Here's what Webb said:
"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.
In addition to continuing work on the reverse spin, which we’ve discussed previously, we will engage on qualified strategic proposals."
Source - BusinessInsider
What is going on? Hope all is well o !
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