Friday, February 19, 2016

Yahoo Looks For Buyer

In a move that will not surprise watchers, Sunnyvale-based Yahoo said Friday that it has formed a committee of its board to explore "strategic alternatives" for the company. The company said the committee will look at possible buyers, strategic partners, or other alternatives. The company has also hired investment bankers Goldman Sachs & Co. Inc., J.P. Morgan and PJT Partners Inc. to help it in the effort. In addition, Yahoo said it has tapped Cravath, Swaine & Moore LLP as its legal advisor.