Yahoo, Inc. (YHOO) will begin releasing its financial information to potential buyers. Advisors Goldman Sachs group Inc. and Allen & Co. are preparing the information now. Reuters called it “a sign the troubled Internet giant is ready to put itself on the block.”
Yahoo Hinted This Was Coming
The information should come as no surprise. Yahoo executives sent a memo to employees last month saying they were “fielding inquiries from multiple parties that have already expressed interest in the number of potential options.”
Jack Ma May Be The Only One Who Wants All of Yahoo
There are several companies that have expressed interest in purchasing Yahoo. These include Jack Ma, the CEO of Chinese e-commerce giant Alibaba, and Silver Lake Partners. Ma especially made his interest known, when he told a group at Stanford University that he would be “very interested” in purchasing Yahoo in its entirety. Other potential buyers include several large technology and media companies, private equity groups, and international companies. But each has presented options regarding the sale of Yahoo’s various businesses. To date, Ma is the only one to express interest in buying all of Yahoo.