Yahoo! (NASDAQ: YHOO) will try to get a deal done to sell the company or many of its assets by the end of the year. The process, which began slightly after CEO Carol Bartz was fired, has dragged on as the portal has insisted on restrictive confidentiality agreements for potential buyers.
The Wall Street Journal reports that
Yahoo directors are expected to discuss the offers and get an update on an ongoing strategic review at a regularly scheduled board meeting Wednesday at the Internet company’s Sunnyvale, Calif., headquarters,
Any deal faces hurdles. Yahoo!’s core advertising business has grown little in three years. Most ready cost cuts were made by Bartz. It is hard to tell if Yahoo!’s investments in China e-commerce company Alibaba or Yahoo! Japan can be sold quickly to raise money.
Yahoo! is being pursued by Alibaba itself. Several PE firms have talked with largest companies which include Microsoft (NASDAQ: MSFT) about a deal.
Yahoo!’s stock has not risen over the last six months, a sign that investors do not expect much of a premium from any arrangement
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