Dow Jones site AllThingsD reports that Yahoo! has a new CEO, although it is not clear what he will do it most or all of the company is sold. Yahoo!’s board is actively considering the disposal of its two most valuable asset–part ownership in China e-commerce company Alibaba and Yahoo! Japan. The sales could bring as much as $15 billion, which presumably Yahoo! could use for M&A or expansion. But, the board may still sell the company as a whole
PayPal President Scott Thompson will take over the helm of the troubled company. Its share prices still sits at $16.30, below its 52-week high, and about half of what Microsoft (NASDAQ: MSFT) offered for the firm in 2008. The announcement of a new CEO may actually push Yahoo!’s price down on the anticipation that the sale of the company is off the table.
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