Jerry Yang: Yahoo! Has Other Options Besides A Sale
This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry
Yahoo! Inc. (NASDAQ:YHOO) co-founder Jerry Yang said today that the company board of directors is considering multiple options about what to do with the company. “The intent going in is not to put ourselves for sale,” said Yahoo! co-founder Jerry Yang at the AsiaD conference. “The intent is to look at all the options.” Yahoo! is made of three components: Its core business, Yahoo! Japan (Softbank), and its share in Alibaba.
“We ought to be growing, can be growing,” said Yang said. “We really do believe there is a path for Yahoo that can be better and higher growth.” Yahoo! has about 700 million monthly users. The company is looking for a new CEO.