Big deals are often announced after holiday weekends, and we haven’t heard much lately about the sale of Yahoo except for CEO Marissa Mayer’s comment below at the company’s annual meeting yesterday:
In February, we announced that we’d pursue strategic alternatives, including the possible sale of our operating business. We believe this is the right transaction, because strategically aligned well with our business while efficiently separating our equity stakes, ultimately unlocking value. Our independent strategic review committee is in a robust and well aligned process to evaluate these alternatives. We can’t comment on it for the day in order preserve the integrity of that process, but we are moving expeditiously.
I’m still hoping Quicken Loans founder Dan Gilbert wins the bid. He also owns the newly minted NBA champion Cleveland Cavaliers, and he’s relocating all of Quicken’s operations to Cleveland after almost single-handedly rebuilding Detroit and Cleveland with his many ventures.
He’s Too Hot To Stop, and that’s why this Friday Funk installment is dedicated to him. Pure funk fire from The Bar Kays to help you get your cool back for the weekend–and to help send good vibes Gilbert’s way on the Yahoo deal.
Yahoo Finance has 70 million monthly visitors, and Yahoo Sports has 125 million monthly visitors. Gilbert owns the country’s number two mortgage company and number one basketball team. If any of the existing bidders can get the most out of Yahoo’s best assets, it’s him.