Yahoo’s Suitors Uncover Few Financial Details
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.