Ya­hoo’s Suit­ors Un­cover Few Fi­nan­cial De­tails

The Economic Times - - Around The World -

buteven­peo­ple­fa­mil­iar­with­the­com­pany’s oper­a­tions have strug­gled to make sense of them. At the same time, Ya­hoo de­voted just a cou­ple of slides to im­por­tant strate­gies, like its costly Hail Mary project to cre­ate an en­tirely new mo­bile search ex­pe­ri­ence to leapfrog com­peti­tors like Google, Ap­ple and Ama­zon.

Marissa Mayer, Ya­hoo’s chief ex­ec­u­tive, is ex­pected to face ques­tions about the­bid­dingTues­day,when­the­com­pany re­ports its lat­est quar­terly earn­ings. The to­tal value of Ya­hoo shares is now about $35 bil­lion.

One rea­son for Ya­hoo’s re­luc­tance to share in­for­ma­tion may be that the busi­ness is worse than the com­pany has pub­licly dis­closed. That has added to con­fu­sion re­gard­ing the in­ten­tions of a board of di­rec­tors that, just a few months ago, pub­licly said it had no in­ten­tion of sell­ing.

Marissa Mayer

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