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Two TakesTech Breakthroughsvs. Reuters

Yahoo turned down numerous acquisition offers this month

By Carl Durrek1 min readGoogle News

Most people have lost all hope that Yahoo will be able to turn things around, including many of its own employees, but it looks like the company still has no intention of selling off its assets. Sure, it’s willing to lay off about 10% of its workforce, but according to Reuters, the company is so adamant on retaining its core Internet assets that it rebuffed numerous acquisition offers from unknown buyers this month. Apparently, it has another plan to turn things around, and it wants to gauge the reaction of shareholders during its quarterly earnings conference call on February 2nd. I’m sure if Yahoo really wanted to make its shareholders happy, it’d consider replacing Marissa Meyer as CEO.

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