The report revealed that Yahoo! A social networking site sells its assets to Luma Partners LLC. Terence Kawaja, chief executive officer of Luma Partners LLC, talks with Yahoo! Inc. under new CEO Scott Thompson over acquisitions and asset sales.
Yahoo is one of the Web’s largest content companies out of Google and Facebook that are stand with it in the competition.
Now it is time of shareholders to perform in an active way in form of company position. The entry of new CEO, Scott Thompson, looks uninspired. Before him, board had taken a decision to hire Carol Bartz who played a worse role as CEO that harms the company position. Although she came from software company Autodesk, but proved unqualified to run it. That’s why Yahoo is left back from its Rivals in the race.
