Yahoo! Board Forms Independent Committee To Evaluate Strategic Alternatives

(RTTNews) - Yahoo! Inc. (YHOO) said its Board has formed a Strategic Review Committee of independent directors to explore strategic alternatives. The Committee has engaged Goldman Sachs & Co. Inc., J.P. Morgan and PJT Partners Inc. as its financial advisors, and Cravath, Swaine & Moore LLP as its legal advisor.

The Committee and its advisors are establishing a process for outreach to and engagement with potentially interested strategic and financial parties.

"Separating our Alibaba stake from Yahoo's operating business is essential to maximizing value for our shareholders. In addition to the reverse spin, there are strategic alternatives that could help us achieve the separation, while strengthening our business," said Marissa Mayer, CEO of Yahoo.