Verizon and other suitors are lining up to buy Yahoo four years after CEO Marissa Mayer tried to turn it around.
Those in the queue look to inherit a declining business, as Yahoo’s first quarter earnings report shows.
Overall, revenue fell 11 percent and adjusted earnings fell 36 percent, as Yahoo posted a net loss of $99 million. The company’s search business declined 15 percent to $820 million in gross sales.
But “we remain focused on the strategic alternatives process as a top priority,” said Yahoo chief financial officer Ken Goldman.
