Hours after the announcement of the unceremonial firing of Yahoo CEO Carol Bartz, reports are flowing in about the Yahoo Board of Directors deciding to put the company up for sale. A company official has reportedly divulged to the Wall Street Journal that “Yahoo is open to selling itself to the right bidder.” Note that the news is yet to be officially confirmed and is developing…
Apparently, the Yahoo Board after two odd weeks of assessing the company assets and the manner in which Carol Bartz ran the company opined that she was doing a “lousy” job – eventually resulting in her exit yesterday. It’s strange that the esteemed Yahoo Board took well over two years to figure that out.
It remains to be seen if Yahoo will still look for an “able” leader that can help find a way for Yahoo to crawl out of the mess that it finds itself in today. At the same time, the decision to put the company on sale might just cause the firm to stall the process for looking for someone to lead the company. Yahoo does have an interim CEO in Tim Morse, who also doubles up as the CFO of the company.
It would be intriguing to see who pitches forward to buy Yahoo if the decision to sell the company does turn out to be true. It was not long ago that there were reports about Microsoft making a bid take over Yahoo. We are sure folks over at Redmond would be tracking these developments minutely.
Via [Business Insider]
