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Yahoo Still Searching for Ideas as It Adds Advisers to Help

  • Company said to prefer selling Yahoo Japan with Web operations
  • Yahoo in process of signing non-disclosure agreements

Yahoo! Inc.’s latest preferred option to salvage itself -- selling its Yahoo Japan Corp. stake together with its Web operations -- shows again that the company has never had a shortage of ideas. What it lacks is a vision.

The once-dominant Internet company has floated everything from spinning off its stake in Alibaba Group Holding Ltd. to a reverse spin and finding a buyer, amid increasing calls from shareholders for change. It’s also recently tapped a formidable group of advisers to help it figure out what to do.