(MENAFN) Yahoo Inc., the agonizing American multinational technology company, has created a committee of independent directors to explore strategic substitutes, which resulted in a significant jump in its shares.
This move alongside the constant pressure from the firm's impatient investors, indicted the California-based giant is open to selling its core business including search, mail and news sites, instead of spinning it off as previously planned.
For the last few years, the company has done all what is possible to recover its status and regain profits, by focusing on mobile apps and trying to boost advertising income, however, Yahoo has been slipping ever since.
Furthermore, the newly formed committee and its advisers are exploring all means and working hard on a process for reaching out to and engaging with possibly interested strategic and financial parties.
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