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Yahoo! to be sold?

Dailybhaskar.com | Last Modified - Sep 08, 2011, 04:27 PM IST

A Telegraph report said sale may happen before a replacement for Carol Bartz is announced.
  • Yahoo! to be sold?
    Yahoo! to be sold?

    carolbartz_yahoo_288A day after CEO Carol Bartz’s ouster from the helm of the company’s affairs, a report has emerged that says web search company Yahoo! might be sold soon.

    Quoting sources close to Yahoo, a report by the Telegraph said the sale might take place even before the company appoints a new chief executive to replace Bartz.

    It is expected that Microsoft, which tried to buy Yahoo in 2008 for $45 billion, or $31 a share, will make a fresh bid for the company half the size of its earlier offer.

    AOL is also a likely candidate to merge with Yahoo!, said the Telegraph report.

    Ms Bartz was fired over the phone by Yahoo!'s chairman, Roy Bostock, on Tuesday, ending a troubled 18-month tenure at the company.

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