Yahoo Sale Seen Imminent as CEO ‘Exhausts Credibility’

Barron’s: Gabelli & Co: “After multiple rounds of bidding and numerous press ‘leaks,’ it finally seems Yahoo could be sold for $5 billion-$6 billion. This would be above our conservative $4.3 billion valuation in 2016, though at this point we would view any sale as a positive. CEO Marissa Mayer and the existing management team have exhausted their credibility to turn the business around.”