Yahoo Moves to Quiet Critics with Defense of Sale Process

Financial Times: Marissa Mayer has pushed back hard against accusations that Yahoo is simply paying lip service to shareholders’ desire for a sale of the Silicon Valley company. The CEO said a deal was “a top priority” for management and the board. Importantly, she said they were devoting more time to pursuing potential bids than to their previously preferred alternative, of simply spinning off the core company from its much more valuable stake in Alibaba.