Yahoo Meeting With Investment Bank After Ouster of CEO

Sep 14, 2011  •  Post A Comment

Yahoo is meeting with investment bank Allen & Co. following the ouster of Chief Executive Carol Bartz, reports Bloomberg.

The company’s board will hear different scenarios for Yahoo’s future from the investment bank before deciding whether to hire Allen & Co. to explore the options, the story says. During the private meeting, the board will also discuss the search for Bartz’s successor.

Yahoo could attract a takeover from private-equity investors, according to one analyst cited by Bloomberg. A Yahoo spokeswoman declined to comment.

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