Yahoo Under Siege: As Hedge-Fund Raider Closes In, Founders Hint at Sale

Reuters – What had been a welcomed week out of the headlines for beleaguered Yahoo took a sharp turn late Friday, as a memo to the company’s employees from co-founders Jerry Yang and Dan Filo strongly hinted that Yahoo might sell itself.

The somewhat prolix message, co-signed by much-critiqued board chairman Roy Bostock, bemoaned the “external swirl” around the company. Yahoo veterans had to wait five paragraphs before reading that advisors Allen & Company are “fielding inquiries from multiple parties that have already expressed interest in a number of potential options.”

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