Yahoo, which is exploring strategic options after firing CEO Carol Bartz last month, isn't necessarily up for sale, co-founder Jerry Yang said.
"The intent going in is not to put ourselves up for sale," Mr. Yang said at the All Things Digital Asia conference in Hong Kong today. "The intent is to look at all options. There's plenty of options for the board, and plenty of options for our shareholders to realize value."
The comments come as Jack Ma, chief executive officer of Alibaba Group Holding Ltd., China's biggest e-commerce company, reiterated today he is "interested" in buying Yahoo and is awaiting a decision by the Sunnyvale, California-based company. Yahoo ousted Ms. Bartz after the web portal failed to keep pace with growth at Google and Facebook.
Jerry Yang Doesn't Believe a Sale Is Yahoo's Only Option | Digital - Advertising Age
"The intent going in is not to put ourselves up for sale," Mr. Yang said at the All Things Digital Asia conference in Hong Kong today. "The intent is to look at all options. There's plenty of options for the board, and plenty of options for our shareholders to realize value."
The comments come as Jack Ma, chief executive officer of Alibaba Group Holding Ltd., China's biggest e-commerce company, reiterated today he is "interested" in buying Yahoo and is awaiting a decision by the Sunnyvale, California-based company. Yahoo ousted Ms. Bartz after the web portal failed to keep pace with growth at Google and Facebook.
Jerry Yang Doesn't Believe a Sale Is Yahoo's Only Option | Digital - Advertising Age
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