Wednesday 15 June 2011

Yahoo! Open to sale

Internet pioneer Yahoo! is open to selling its Web search business or
entering into a partnership with another company, but doing a deal
would be hard, a top executive said on Wednesday.

"We are not opposed to doing a deal that would maximize the value of
the business in one way or another, be it a partnership or be it a
long term sale," Yahoo! chief financial officer Blake Jorgensen said.

"We're very focused though on building our business and doing that in
a way which we can benefit all from the search side," he added during
a Goldman Sachs technology conference here.

Microsoft has expressed interest in Yahoo!'s search business and made
a bid for the Sunnyvale, California-based firm last year but Jorgensen
did not mention the US software giant as a potential partner.

"It's extremely difficult to draw a line down the middle of the
organisation and split it in two pieces," Jorgensen said. "It doesn't
say we couldn't do it, we certainly could, but we want to do it for
the right reasons and the right economics."

Yahoo! rejected a takeover bid by Microsoft last year but Microsoft
chief executive Steve Ballmer has said the software giant remains
interested in a search partnership with Yahoo!

Speculation of such a deal has been revived with the departure of
Yahoo! chief executive Jerry Yang, who opposed the Microsoft bid, and
his replacement by new CEO Carol Bartz.

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