Yahoo board hires investment bankers to explore selling its internet businesses
by Associated Press from Technology | The Guardian on (#14HMH)
Frustrated investors have pushed the board to evaluate bids for its internet operations, signalling that CEO Marissa Mayer may be running out of time
Yahoo's board has hired three investment banking firms to evaluate potential bids for its internet operations in the clearest sign yet that CEO Marissa Mayer may not have 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.
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