Yahoo Update: Recode Says Marissa Mayer Is Actively Onboard With Sale

Yahoo! Inc. YHOO CEO Marissa Mayer seems to have change of heart over the sale of the company as a Recode report says she is actively onboard with sale. http://www.recode.net/2016/5/9/11617402/buyers-second-round-bidding-proceeds-marissa-mayer-yahoo The report said Marissa Mayer has been taking front and center stage of the proceedings as the second round of bidders have begun holding all-day meetings with Yahoo's top management. "[H]er initial recalcitrance regarding the sale seems to have disappeared and that she is participating actively," the report said citing several people in attendance at meetings. "She is the one in clear charge of the sale now, if you judge by the new presentations. It's her show," the report added. Recode noted that "Mayer is now much more voluble in answering questions and explaining Yahoo's business units." But, it is unclear what will be the status of Mayer post the sale of the company. "I cannot imagine a scenario where we keep her," the report said citing one potential buyer. "Yahoo will need a clean slate." However, Mayer stands to receive $54.9 million as part of a severance package if she were to be terminated without cause. Read more: http://www.benzinga.com/media/cnbc/16/05/7913513/warren-buffett-talks-yahoo-says-company-deteriorated-significantly#ixzz48FzZzyae According to the report, if Verizon Communications Inc. VZ takes over there is AOL head Tim Armstrong to take care of Yahoo business , while Bain/Vista has a "passel of ex-Yahoos it is working with including former interim Yahoo CEO Ross Levinsohn." Meanwhile, the overhang on the sale process has been cleared after Yahoo's recent agreement with activist investor and major shareholder Starboard Value. Shares of Yahoo closed Monday's regular trading at $37.18.