Andreessen Says He’s Not in Running for Yahoo Operating Role
Andreessen, the co-founder of Netscape Communications Corp., said in a blog posting today that neither he nor partners, including Jeff Jordan, are in the running for senior roles at Yahoo, which began a strategic review in September.
Last month the AllThingsD blog said Andreessen was deciding whether to play a significant role at Sunnyvale, California- based Yahoo, either as a key board member or even chairman. The story cited unnamed sources.
“Jeff and I have high regard for Yahoo, but we are fully committed to our day jobs as general partners at Andreessen Horowitz and board members of our portfolio companies,” Andreessen said.
Yahoo began its review after firing Chief Executive Officer Carol Bartz, who faltered in a drive to repel competition from Google Inc. and Facebook Inc.
A group of investors led by private-equity firm Silver Lake, working with Menlo Park, California-based Andreessen Horowitz, Microsoft Corp. (MSFT), and Canada Pension Plan Investment Board, offered to buy a minority stake in Yahoo, said people with knowledge of the matter last month. Andreessen co-founded the venture-capital company and is a general partner.
Yahoo rose 2.1 percent to $15.94 at 4 p.m. in New York. The shares have fallen 4.1 percent this year.
Bloomberg LP, the parent company of Bloomberg News, is an investor in Andreessen Horowitz.
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