Yahoo: We’ve looked at everything you can imagine
Past distractions, future possibilities, it was all there for listeners. The only problem is that for all the chatter on the call about deals, there was no real insight offered about what Yahoo might do.
Here’s a look at what Yahoo’s executives said about M&A during the call:
- Frankly, I think Yahoo’s ability to perform is especially impressive in light of the extraordinary events surrounding the company this year. It has been nearly six months since Microsoft made an unsolicited proposal for Yahoo and everyone here, the board, management and over 14 thousand Yahoo’s around the world have continued to work for one central goal, maximizing value for our shareholders.
- Significantly, we have also actively explored a number of alternatives to maximize value for the company, and we remain open to value creating transactions that provide real tangible value.
- I don’t want to speculate on any potential transactions or spin-outs that might have been mentioned in the press. I will say that we have examined various alternatives for Asia and will continue to do that.
- We have looked at just the about every alternative you could imagine as far as looking at how do we best position the company to go forward either through transactions and/or financial options. At this point, we clearly are still looking at what the best ways for us to continue to drive shareholder value. We don’t have anything specific that we will talk about but clearly, we view that we continue to have very strong balance sheets and we have ability to generate cash, so we’re going to take that in act as we think about what’s the best way to move forward.
OK, we get it. Yahoo wants to maximize shareholder value … whatever that means.