Yahoo Plans to Say It Is Exploring Strategic Options
Such comments would be strongest indication yet that Yahoo is considering a sale
Yahoo Inc. on Tuesday plans to announce it is exploring “strategic alternatives” for its struggling Internet business, people familiar with the matter said.
The announcement, which is expected to come along with a fourth-quarter earnings report after the market close, would be the strongest indication that Yahoo’s board is considering a sale of all or part of its Web properties.
Executives at Verizon Communications Inc. have publicly expressed interest in buying Yahoo, and others, including firm private-equity firm TPG Capital, have considered bidding for parts or all of the Web business, according to people familiar with the matter.
In December, Yahoo Chief Executive Marissa Mayer and Chairman Maynard Webb said in an interview that a sale isn’t the most likely outcome. But Mr. Webb said then that the board has a fiduciary duty to entertain any offers.