Deals
Yahoo Signals It's Open to Sale in What May Be Final Flip-Flop
- Struggling Web portal signals willingness to hear offers
- CEO still pursuing reverse spinoff while streamlining company
Yahoo CEO Mayer: We Have Achievements I'm Proud of
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Yahoo! Inc. Chief Executive Officer Marissa Mayer’s latest flip-flop may be her last.
Mayer long argued that with the right amount of adjustments -- product improvements here, cost cuts or acquisitions there -- she could put the company back on a path to growth. She unveiled the latest turnaround effort Tuesday, saying she’ll cut about 15 percent of the Web portal’s staff, shutter some offices and units and exit product lines.
Yet by also saying she’ll consider putting the company’s core assets up for sale, Mayer signaled that even she may be out of options for turning around Yahoo on its own.