Leaked Yahoo memo indicates possible sale

When Yahoo decided to dismiss its CEO Carol Bartz earlier this month, the web site's co-founder Jerry Yang reportedly told employees that the company was not going to be put up for sale. Now it seems that situation might have changed. Business Insider reports that a leaked email this week from Yang to all of Yahoo's employees hints strongly that Yahoo is at least considering a sale of the company.

Yang's exact words in the memo were, "Our advisers are working with us to develop ideas that we will pursue proactively.  At the same time, they are fielding inquiries from multiple parties that have already expressed interest in a number of potential options." That would seem to confirm that Yahoo has been at least approached by outside companies to consider a sale. Earlier rumors this month said that Microsoft might be interested in buying Yahoo, something which it tried and failed to do a few years ago. Yang's memo this week even talked about these kinds of Internet news stories, saying, "There will be plenty of rumors and speculation as different parties try to advance their agendas in the media – but it is important that we not be distracted by the rumors and speculation."

Whatever happens, it would seem like Yang and Yahoo's board of directors want to make sure they are doing what is best for the company. Yang's memo said, "While we will move with a sense of urgency, this process will take time. Months, not weeks. We know that’s a lot of potential distraction, but we believe it will be worth the wait."

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12 Comments

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Ms should buy. Likely thy can get it for far less than what they offered them for it last time.

And for those saying Ggogle should buy? The DOJ wouldn't key Gooe buy bec of hang such a dominate position already.

Since yahoo is already using bing anyways, I say MS would be the buyer.

With the way Yahoo totally screwed up their e-mail, I hope like heck SOMEBODY buys them!!

The new, improved, faster yahoo sucks green donkey..............!!

cork1958 said,
With the way Yahoo totally screwed up their e-mail, I hope like heck SOMEBODY buys them!!

The new, improved, faster yahoo sucks green donkey..............!!

Speak for yourself. I love the new Yahoo Mail. Especially the interface.

Kreuger said,
Speak for yourself. I love the new Yahoo Mail. Especially the interface.

No. I am a Yahoo Mail user, and each time they "improve" their UI, something else gets lost, for example, the Photo Attachments feature.

Also, I use Windows Hotmail as secondary, and I envy their features. Had I not used Yahoo Mail as my main account, I would have left it for Windows Hotmail.

So I really wish Microsoft purchase Yahoo Mail, and I wish Facebook purchase Flickr.

Mazhar said,
Go Microsoft Go!
It would be a good idea to get some portions of Yahoo. Their search and email business would be a good idea, as they would be easily able to integrate their large user-base into their own services.
Getting whole of Yahoo, is like buying a problem for yourself.

FMH said,
It would be a good idea to get some portions of Yahoo. Their search and email business would be a good idea, as they would be easily able to integrate their large user-base into their own services.
Getting whole of Yahoo, is like buying a problem for yourself.

As a Yahoo Mail user, I approve this.