Home IT Info News Today Yahoo says ignore the rumors, nothing to announce yet

Yahoo says ignore the rumors, nothing to announce yet

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In the wake of unconfirmed reports that some private equity firms and technology companies are planning to invest in Yahoo, the Internet company said that its board of director’s strategic review is still underway, with a wide range of options under active consideration. “News reports based on rumor and speculation are just that,” said Yahoo in a statement on Friday a few hours after a New York investment firm, Third Point, demanded the resignation of co-founder Jerry Yang from Yahoo’s board in connection with reports of his negotiations with private equity firms.

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