“No decisions have been made about Microsoft’s proposal,” Mr Yang said. “Our board is thoughtfully evaluating a wide range of potential strategic alternatives in what is a complex and evolving landscape. And we’ve hired top advisors to assist through the process,” he said.
Mr Yang, who was a co-founder of Yahoo in the earliest days of the internet in 1994, said the process was “going to take the time it needs to do it right.”
“The Microsoft interest highlights the tremendous strength of the Yahoo brand and assets – our half-billion users around the world, our leading products and services, our open ad network, our technology, and most of all, our amazingly talented people,” Mr Yang said.
Regardless, as the number two search provider Yahoo has struggled in recent years against fierce competition from market leader Google.
The company has already announced a restructure and round of lay-offs that will proceed regardless of its position on the Microsoft offer. The company plans to trim about 1,000 employees from its global payroll of about 14,300 staff.
“As we look to build on the progress we’ve been making, I want to make sure you all realise how essential you are to Yahoo’s success,” Mr Yang said in an internal communications with employees.
“As this process moves forward, we’re going to keep you informed. Your hard work and strong commitment are more important now than ever before,” he said.
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