Yahoo (NASDAQ:YHOO) confirmed Friday in an internal letter to employees that it had hired Allen & Company as its financial adviser in order to explore strategic options. No news yet on whether one of those options might include a sale.
Dish Network (NASDAQ:DISH) is considering buying a cellphone service provider like Sprint Nextel (NYSE:S) or Clearwire (NASDAQ:CLWR) in order to make use of its wireless spectrum holdings. “We’ll look at partnerships, acquisitions, all of the above,” said chief executive Joseph Clayton.
Hewlett-Packard’s (NYSE:HPQ) new chief executive, Meg Whitman, didn’t seem happy with the $11.7 billion that the company is paying for Autonomy of Britain when interviewed by All Things Digital. “It is what it is,” she said.
Rio Tinto is considering spinning off part of its Australian aluminum assets, as a planned carbon tax would increase costs while lowering margins. Rio is working with Macquarie Group and PricewaterhouseCoopers to explore its options.