Yahoo, one of the internet’s oldest and best-known brands that had once been a dotcom stock market darling, is planning to return to the public markets.
Chief executive Jim Lanzone told the Financial Times his goal was to take the company to an IPO again as part of a plan to return the Silicon Valley based group to prominence.
Yahoo was “ready financially, the company has a great balance sheet, we’re very profitable,” he said. But Lanzone added that being private allowed the company to make necessary structural changes, creating a series of business units similar to the model used when he was head of CBS Interactive.
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