On Feb 2, 2016, US-based technology company Yahoo Inc. (Yahoo!), released its 4th quarter and full year 2015 results. Yahoo!’s yearly revenue had grown by 7% but its cost of revenue had increased by 266% and the company had written off $ 4.461 billion owing to goodwill impairment of its recent acquisitions. Yahoo! had also announced to cut 15% of its workforce.
The Chairman of Yahoo!, Maynard Webb, said, “The Board believes that exploring additional strategic alternatives, in parallel to the execution of the management plan, is in the best interest of our shareholders. In addition to continuing work on the reverse spin, which we’ve discussed previously, we will engage on qualified strategic proposals....
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