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Time Inc. Said to Be Interested in Joining Fray of Yahoo Suitors
2016-02-23 14:47:26| IT Services - Topix.net
The $1.5 billion owner of magazines including People, Sports Illustrated, Time and Fortune, has heard a presentation from Citigroup Inc. bankers on pursuing a deal to merge with Yahoo, according to people familiar with the matter. The idea is of real interest to Time Inc. Chief Executive Officer Joe Ripp, said the people, who asked not to be identified because the information is private.
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Yahoo Hires Advisers, Forms Committee to Explore Options
2016-02-20 05:43:07| IT Services - Topix.net
Yahoo! Inc. hired financial advisers and told independent board members to explore its strategic options, taking steps to transform itself and consider deals amid rising pressure from investors. Goldman Sachs Group Inc., JPMorgan Chase & Co.
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Yahoo! forms committee to look at 'strategic alternatives'
2016-02-19 15:59:00| Telecompaper Headlines
(Telecompaper) Yahoo! has given further details of the announcement at its 2015 financial results that it will consider "strategic alternatives" alongside the proposed reverse spin-off of its stake in Alibaba Group. The company's board has formed a Strategic Review Committee of independent directors to lead the effort, with the assistance and support of management. The committee hired Goldman Sachs, JP Morgan and PJT Partners as its financial advisors, and Cravath, Swaine & Moore as its legal advisor. After contacting potentially interested strategic and financial parties, the committee will recommend to the board whether any proposed transaction is in the best interests of the company and its shareholders. Yahoo chairman Maynard Webb said in a statement that the board is "throughly" committed to exploring strategic alternatives while simultaneously supporting Yahoo's management in executing its strategic plan. CEO Marissa Mayer added that separating the Alibab stake was "essential to maximizing value for our shareholders" and there are "strategic alternatives that could help us achieve the separation, while strengthening our business".
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Yahoo looks to separate its Alibaba stake
2016-02-19 15:47:38| BBC News | Business | UK Edition
The US search engine Yahoo has confirmed it is looking at "strategic alternatives" for its business - including splitting off its stake in Chinese online retailer Alibaba.
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Verizon enlists Aol Ceo to explore Yahoo deal: Bloomberg
2016-02-08 22:36:50| IT Services - Topix.net
Verizon Communications Inc has given Tim Armstrong, chief executive officer of its AOL unit, a leading role in exploring a possible bid for Yahoo Inc's assets, Bloomberg reported, citing a person with knowledge of the situation. Verizon, the largest U.S. wireless carrier, hasn't hired bankers to conduct an offer and there have been no formal talks, according to the report.
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