23.02.2016 - Here's How Sovereign Wealth Funds Can Save Yahoo
The board of directors at Yahoo! Inc. made it public they formed an independent committee to begin looking at strategic alternatives for the fabled internet company. One such alternative is spinning off its core business. Yahoo announced that a new committee of directors would reach out to potentially interest parties and make recommendations on any proposed deals. Assisting Yahoo in this strategic process are Goldman Sachs, JPMorgan & Chase and PJT Partners. Cravath, Swaine & Moore LLP was hired by Yahoo as a legal advisor regarding this situation. Yahoo continues to move forward on its plans to split its core business from its 15% stake in Alibaba Group. Yahoo's CEO Marissa Mayer still believes the company can turn itself around..............................................Full Article: Source
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