Printed from http://www.electronista.com

Yahoo open to sale, still bidding on Hulu

updated 08:20 am EDT, Wed September 7, 2011

Yahoo pondering sell-off, still interested Hulu

In the wake of Yahoo CEO Carol Bartz's sacking, a report has suggested that Yahoo is still open to a sell-off, but also remains interested in bidding on Hulu. Citing people 'familiar with the matter,' the Wall Street Journal reports that the ousting of Bartz came after a review of Yahoo's performance by independent directors. A change in leadership was considered to be the only way forward. The same review also kept the option of selling the company on the table as well.

With Yahoo's fortunes continuing to slide under Bartz's tenure, the company has become an increasingly attractive take-over target. Under Bartz, the amount of time visitors spent on Yahoo dropped 33 percent. It also retains 40 percent stake in Chinese online commerce company Alibaba, which is worth billions of dollars

Yahoo is also currently in negotiations to acquire Hulu. The Hulu acquisition is still a priority and the same sources say that Yahoo remains committed to making a deal despite the leadership change.

Yahoo stock rose over 6 percent on the news of Bartz's exit to $13.72.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

  1. Lifeisabeach

    Fresh-Faced Recruit

    Joined: May 2010

    0

    Downward spiral

    This company is seriously lacking in strategic vision. They have been muddling along for years now trying to figure out what they want to be. It's a damned shame too because I've long liked using their my.yahoo service as my homepage and have yet to see anything that can really replace it.

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

D-Link Wi-Fi Smart Plug

Home automation fans have been getting their fair share of gadgets and accessories in the last few years. Starting with light bulbs, a ...

Razer Kraken Pro headset

Gaming headphones are a challenge to get right, for a long list of reasons that are unique to the consumer buying them. Some shoppers ...

Patriot Aero Wireless Mobile Drive

Regardless of how large a tablet you buy, you always want more space. There's always one more movie or another album you'd cram on, if ...

Sponsor

toggle

Most Commented

 
toggle

Popular News