• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Saturday, May 17, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home News

Yahoo Crashes Against The Investors’ Pressure; Moves For Possible Sale

by Nitin Konde
February 20, 2016
in News
Reading Time: 2 mins read
0
Yahoo Crashes Against The Investors’ Pressure; Moves For Possible Sale

A Yahoo logo is pictured in front of a building in Rolle, 30 km (19 miles) east of Geneva, in this file picture taken December 12, 2012. REUTERS/Denis Balibouse

TwitterWhatsappLinkedin

You might also like

Global AI Race: UAE Invests Big in New Campus, with Trump’s Endorsement

Turkey’s Celebi Takes Legal Aim at India Over Security Clearance Cancellation Amid Pakistan Tensions

TikTok Faces EU Charges Over Breach of Content Transparency Laws

20 February, 2016, USA: Yahoo, the company that has set a benchmark in the online sector and actually explained the world what online media is all about, has been put under pressure by the impatient investors. On Friday, steps were taken by the company to handle the possible sale of parts of the struggling Internet company.

Yahoo shares jumped after the company announced its board has formed a committee of independent directors to explore strategic alternatives, and that it has hired investment banks and a law firm to run the process, reports Reuters.

However, sources close to the issue revealed that the company’s advisors have been winding up for sale and the core team is working on the same. Though the company had been thinking on the same line from past three years, but efforts of CEO Marissa Mayer had kept the company’s hope alive. In order to turn around Yahoo’s declining profitability, she particularly focused on mobile apps to uplift the company’s advertising revenue. But this time fortune didn’t favour the brave and despite of her efforts the profit graph kept declining since the day she took the charge in 2012.  Starboard, which owns about 0.75 percent of Yahoo, has been pushing for changes since 2014, asking it to separate its Asian assets and sell the core business.

Yahoo’s committee of independent directors has engaged Goldman Sachs & Co Inc, J.P. Morgan and PJT Partners Inc as financial advisers, and Cravath, Swaine & Moore LLP as legal adviser, reports Reuters.

Image- Reuters

Also Read-

Yahoo Decides To Shut Down Its Several Editorial Verticals

Tags: CravathGoldman Sachs & Co IncJ.P. MorganMarissa MayerPJT Partners IncSwaine & Moore LLPYahoo
Tweet54SendShare15
Previous Post

India’s Captain Cool Dhoni Will Endorse Lifestyle Brand Seven

Next Post

Google Says Bye To Right Hand Sidebar Advertisements

Nitin Konde

Recommended For You

Global AI Race: UAE Invests Big in New Campus, with Trump’s Endorsement

by Sneha Singh
May 17, 2025
0
Global AI Race: UAE Invests Big in New Campus, with Trump's Endorsement

UAE will construct the largest artificial intelligence campus outside of the US following the sealing of a historic deal during Donald Trump's recent Middle East visit. The Abu...

Read more

Turkey’s Celebi Takes Legal Aim at India Over Security Clearance Cancellation Amid Pakistan Tensions

by Anochie Esther
May 17, 2025
0
Çelebi Aviation

In a rapidly escalating diplomatic and corporate standoff, Turkish aviation services company Çelebi Aviation has filed a legal challenge against the Indian government’s decision to revoke its security...

Read more

TikTok Faces EU Charges Over Breach of Content Transparency Laws

by Anochie Esther
May 17, 2025
0
Tiktok

TikTok, one of the world’s most popular social media platforms, is under intense scrutiny in Europe after being formally charged by EU regulators with breaching key online content...

Read more
Next Post
Google Says Bye To Right Hand Sidebar Advertisements

Google Says Bye To Right Hand Sidebar Advertisements

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?