News that Yahoo's board has refocused its work on hiring the new chief Executive

Absrtact: October 26 News, according to foreign media reports, people familiar with the matter, despite the consideration of the company's core business to sell to potential buyers, Yahoo's board will focus on adjusting to the selection of the new chief executive. The former head of the fire was dismissed in early September, the person said

On October 26, according to foreign media reports, people familiar with the matter said that, while considering selling the company's core business to potential buyers, Yahoo's board had refocused its efforts on hiring the new chief executive.

Yahoo's board has focused on increasing the interest of potential buyers in the company's business following the dismissal of former chief executive Bartz Carol Bartz in early September, according to the person familiar with the matter. Yahoo said at the time that the company would conduct a "strategic assessment" to determine the next step, and to select the new chief executive.

People close to the situation said that several potential buyers had approached Yahoo's board of directors and financial advisers, but that the board believed it was important to have a new chief executive to deal with potential buyers ' bids that did not satisfy the board.

Given the uncertainty about Yahoo's fate, the new chief executive will not have too many candidates, the person said. Yahoo's board has yet to draw up a list of CEO candidates.

Another factor that has prompted Yahoo's board to focus on hiring CEOs is to prevent potential buyers and Alibaba from having too much leverage in the negotiations, a person familiar with the matter said. Alibaba has been trying to buy back Yahoo's stake in the company.

A spokesman for the Yahoo board said in a statement, "we announced on September 9 that the appointment of a new chief executive and a comprehensive strategic assessment are in sync, both of which are of equal importance, and that the board will focus on the goal of bringing the company back to rapid growth and value to its shareholders." ”