Yahoo’s New Strategy
Amidst talk of a Yahoo (NASDAQ:YHOO) buyout, there is now speculation that the company is leaning toward selling its Asian assets and redistributing proceeds to shareholders. Yahoo (NASDAQ:YHOO) stock has gone up 28% since the firing of CEO Carol Bartz in early September, making the company more expensive for private-equity buyers.
“The intent going in is not to put ourselves up for sale. 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,” stated Yahoo’s (NASDAQ:YHOO) co-founder Jerry Yang per Bloomberg. AOL (NYSE:AOL) and InterActiveCorp (NASDAQ:IACI) are keeping a close eye on the action.
- Yahoo! Inc. (NASDAQ:YHOO): The shares recently traded at $16.56, down $0.07, or 0.42%. Its market capitalization is $20.86 billion. They have traded in a 52-week range of $11.09 to $18.84. Volume today was 20,286,809 shares versus a 3-month average volume of 36,149,600 shares. The company’s trailing P/E is 20.15, while trailing earnings are $0.82 per share. About the company: Yahoo! Inc. is a global Internet media company that offers an online guide to Web navigation, aggregated information content, communication services, and commerce. The Company’s site includes a hierarchical, subject-based directory of Web sites, which enables users to locate and access information and services through hypertext links included in the directory. Get the most recent company news and stock data here >>
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