Deals
Yahoo Hires Advisers, Forms Committee to Explore Options
- Goldman, JPMorgan, PJT to help company reach out to parties
- Independent board members to recommend any proposed deals
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Yahoo! Inc. hired financial advisers and told independent board members to explore its strategic options, taking steps to transform itself and consider deals amid rising pressure from investors.
Goldman Sachs Group Inc., JPMorgan Chase & Co. and PJT Partners Inc. will provide financial counsel, the Web company said a statement Friday. A new committee of directors will reach out to potentially interested parties and make recommendations on any proposed transactions, Yahoo said.