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They Really Are Yahoo's

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Usually it takes a while for a company to screw up a good thing.

It only took Yahoo (NASDAQ: YHOO) a few hours. Comments from a meeting at the Silicon Valley-based company are hitting shares, as Yahoo co-founder, director and former CEO Jerry Yang told the 13,5000 employees the company was “not for sale.”

Despite his comments, the company is hiring advisory firms, such as Allen & Co., to explore strategic alternatives.

The comments were first reported by AllThingsD.

I guess they really are yahoo's.

At last check, shares were up 50 cents to $13.41, but had been as high as $14.00 earlier in the session.

 

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Posted-In: AllThingsD Jerry YangM&A News Rumors Movers Tech Media

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