The troubled web portal business Yahoo has experienced a poor September. The company forcibly got rid of its CEO Carol Bartz and later admitted that it was in discussions with other unnamed companies about a "number of potential options". Now Forbes.com reports that Yahoo has sent out notes to select members of the media, inviting them to attend a press conference on Monday morning in New York City. The company is being mysterious about this event, and other than mentioning that its executive vice president Ross Levinsohn will be both speaking and taking questions, Yahoo has not said what the press conference's subject will be about.
Earlier this month Yahoo fired Bartz from her position at CEO over the phone which later caused Bartz to claim that the company's board of directors "f***** me over". While Yahoo at first denied that it was planning to put the company up for sale it later admitted in a leaked memo that it was "fielding inquiries from multiple parties that have already expressed interest in a number of potential options."
In related news, AllThingsD.com reports that Jack Ma, the chairman and CEO of the Chinese Internet company Alibaba, said today in an address at Stanford University, "We are very interested in Yahoo. Our Alibaba group is important to Yahoo and Yahoo is important to us…All the serious buyers interested in Yahoo have talked to us." Alibaba is one of the world's largest online business-to-business trading platforms for small businesses. Formed in 1999, it now has 65 million registered users.
13 Comments - Add comment