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Yahoo is reportedly out of the increasingly uncertain bidding process for Hulu, a claimed leak said late Sunday. The search engine has allegedly been identified by the WSJ sources as the original mystery bidder but also to have exited entirely. The internal turmoil following Carol Bartz' firing and the possibility of a sell-off were attributed to the departure.
Yahoo! co-founder Jerry Yang has admitted that the company is up for sale. A leaked internal memo has obtained by Business Insider reveals that Yahoo’s board has engaged Allen & Company to field enquiries from ‘multiple parties that have already expressed interest in a number of potential options.’ Yang also advised that the company was also now deep in the process of hiring a permanent CEO to replace Carol Bartz, following her recent sacking.
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.
Several major US technology executives have been officially photographed with President Obama at a dinner meeting on Thursday night. As expected, three people on the guest list included Apple CEO Steve Jobs, Google's Eric Schmidt, and Facebook CEO Mark Zuckerberg. Jobs and Zuckerberg were notably given the most prominent positions during the dinner, seated directly to the left and right of the President.
