Date:01/11/11
Yahoo! Inc. is considering selling its Asian assets and redistributing the proceeds to shareholders, rather than selling itself to a group of buyers, Bloomberg News reported Friday citing five people familiar with the situation. This scenario would let the company eventually pay a special dividend or buy back shares, the people said.
The stock has surged 28% since the company fired Chief Executive Officer Carol Bartz in early September, making it a more expensive target for private-equity buyers, the people told Bloomberg. Dana Lengkeek, a spokeswoman for Yahoo, declined to comment, according to Bloomberg.
Yahoo leaning toward dividend, buyback
Yahoo! Inc. is considering selling its Asian assets and redistributing the proceeds to shareholders, rather than selling itself to a group of buyers, Bloomberg News reported Friday citing five people familiar with the situation. This scenario would let the company eventually pay a special dividend or buy back shares, the people said. The stock has surged 28% since the company fired Chief Executive Officer Carol Bartz in early September, making it a more expensive target for private-equity buyers, the people told Bloomberg. Dana Lengkeek, a spokeswoman for Yahoo, declined to comment, according to Bloomberg.
Views: 1055
©ictnews.az. All rights reserved.
Similar news
- 24% of U.S. Adults have made phone calls on the Internet
- UNESCO puts sustainable learning online
- Australia gives incentives for the use of telehealth
- US launches computer programme for poor kids
- UN declares web access as human right
- Facebook growth slows in stalkerbase heartlands
- One Third of Millionaires Use Social Media
- Facebook Seeks Bigger Role in Software for Mobile Apps
- Icann increases web domain suffixes
- IBM launches new social networking platform for enterprises
- Google Notches One Billion Unique Visitors Per Month
- Internet providers cut international channel renting costs by 60%
- Azerbaijan launches standard time on internet
- Icann launches facility to ease DNSSec adoption
- Social network data mining yields worrying results for traditional media
