Sunday, September 25, 2011

Yahoo May be for Sale

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. We will take the time we need to select and structure the best approach for the company, its shareholders and employees. Translation: for the right price, you're darn right we'll sell this thing — or at least parts of it. The memo also indicates Yahoo is actively looking for a new CEO to replace recently departed Carol Bartz, who left with a bang in a now infamous email sent from her iPad. In a final, touching coda, Yang tells employees that Yahoo can still be a rarity: an internet company that endures. That's a great idea. But Yang and Yahoo's board still should have sold out to Microsoft when Ballmer & Co were courting them like lonely kids the day before the prom. The Yang email was followed later in the day by a missive from interim CEO Tim Morse, who seemed intent on nipping in the bud any sort of lame-duck perception/attitude on the part of employees. "I'm sure by now you've all seen the note from Jerry, David and Roy," says the email, which was published by Kara Swisher at AllThingsD. "I want you to know that while the board works through all of our options, CEO, staff and I have been charged to move the company forward. That means we will not be sitting still over the next few months. We are actively making decisions and taking action." Morse combines a little whip-cracking with an attempt to soften the scuttlebutt about a possible sale:

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