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.
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