Yahoo may have shelved the prospect of a company sale, or at the very least pushed the idea to its back burner. Instead, it is reportedly giving serious thought to selling its Asian assets and redistributing the proceeds to shareholders via a special dividend or buyback shares. It has been widely assumed Yahoo was prepping itself for a sale. Certainly, that was the market’s expectation, with Yahoo’s stock rising some 28 percent since CEO Carol Bartz was fired nearly two months ago.
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Yahoo Wheels and Deals Amid Growing Uncertainty
Posted by: Erika Morphy November 1, 2011 09:05 AMYahoo may have shelved the prospect of a company sale, or at the very least pushed the idea to its back burner. Instead, it is reportedly giving serious thought to selling its Asian assets and redistributing the proceeds to shareholders via a special dividend or buyback shares. It has been widely assumed Yahoo was prepping itself for a sale. Certainly, that was the market’s expectation, with Yahoo’s stock rising some 28 percent since CEO Carol Bartz was fired nearly two months ago.