SUNNYVALE, Calif.--(BUSINESS WIRE)--
Yahoo!, Inc. (NASDAQ: YHOO) today issued the following statement:
"Yahoo's Board of Directors' objective is, and always has been, to serve
the best interests of all the company's shareholders. The Board's
comprehensive strategic review is being properly managed for the benefit
of all shareholders and is guided by outside counsel for the independent
directors and investment bankers retained separately by the Board. The
Board of Directors (eight independents and Mr. Yang) controls the
strategic review process and has directed its Transactions and Strategic
Planning Committee (comprised of four independent directors) to manage
the process day-to-day and report regularly to the Board.
"News reports based on rumor and speculation are just that. The Board's
comprehensive strategic review process is still underway, with a wide
range of options under active consideration. We can assure all Yahoo
shareholders that whatever the outcome of the strategic review process
may be, it will serve the best interests of all the company's
"Mr. Yang is one of 9 directors with the exact same fiduciary duties and
motivation as all of his fellow directors -- to serve the best interests
of all the company's shareholders. The Board and the Transactions and
Strategic Planning Committee initiate, direct, and oversee any work Mr.
Yang undertakes in relation to the strategic review process."
Yahoo! (NASDAQ:YHOO) is the premier digital media company, creating
deeply personal digital experiences that keep more than half a billion
people connected to what matters most to them, across devices and around
the globe. And Yahoo!'s unique combination of Science + Art + Scale
connects advertisers to the consumers who build their businesses. Yahoo!
is headquartered in Sunnyvale, California. For more information, visit
the pressroom (pressroom.yahoo.com)
or the company's blog, Yodel Anecdotal (yodel.yahoo.com). Yahoo! is the
trademark and/or registered trademark of Yahoo! Inc. All other names are
trademarks and/or registered trademarks of their respective owners.
Yahoo! is the trademark and/or registered trademark of Yahoo! Inc.
All other names are trademarks and/or registered trademarks of their
Dana Lengkeek, 415-994-4008
La Rocca, 408-349-5188
Source: Yahoo!, Inc.
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