Yahoo's (YHOO) New CEO/ CFO Duo Preps for Shopping Spree
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Yahoo's (Nasdaq: YHOO) new CEO, Marissa Mayer, indicated to employees on Tuesday that they should expect acquisitions, according to a source who spoke on condition of anonymity to reporters at the New York Times. Speculation is also being fueled by Yahoo's recent decision to replace CFO, Tim 'Margin Expansion' Morse, with Fortinet's (Nasdaq: FTNT) Ken Goldman.
Board members and investors hope the new CEO/CFO duo will restore life at the struggling company, and that could mean they are about to begin a shopping spree.
Not long ago both Yahoo and Google (Nasdaq: GOOG) expressed interest in Yelp (NYSE: YELP). While the deal fell through, it might give investors a hint regarding Yahoo's taste. Then again, it remains to be seen what Mayer and her new sidekick, Goldman, have up their sleeve.
Board members and investors hope the new CEO/CFO duo will restore life at the struggling company, and that could mean they are about to begin a shopping spree.
Not long ago both Yahoo and Google (Nasdaq: GOOG) expressed interest in Yelp (NYSE: YELP). While the deal fell through, it might give investors a hint regarding Yahoo's taste. Then again, it remains to be seen what Mayer and her new sidekick, Goldman, have up their sleeve.
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