Yahoo! CEO Marissa Myer delivers keynote during the Yahoo Mobile Developers Conference on Feb 18,2016 at The Masonic in San Fransisco, California.
“Today, we’re announcing a strategic plan that we strongly believe will enable us to accelerate Yahoo’s transformation,” Mayer said.
The company plans to cut 15% company workforce, closure of various departments including closing offices in 5 foreign cities and the elimination of some of its digital verticals.
Yahoo! are taking bids and now sets April 11 as the deadline for receiving preliminary bids for its assets. According to The Wall Street Journal, Yahoo has sent letters to prospective purchasers instructing them to not only specify what assets they like to attain but also the prices they are willing to pay.
And in recent weeks, the two biggest telecommunications in US which are AT&T and Verizon have been rumored as potential acquirers.
Despite of these changes that Yahoo wants to be made, it’s still not clear what type of assets bidders will want or what Yahoo is worth as a whole.
