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Recode: 'The Mayer Era At Yahoo Is Pretty Much Over'

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Recode: 'The Mayer Era At Yahoo Is Pretty Much Over'

It was merely a matter of when, not if, Marissa Mayer's reign as CEO of Yahoo! Inc. (NASDAQ: YHOO) would come to an end. According to Recode's Kara Swisher, the exact timing of this "should become clear very soon."

Yahoo is scheduled to report its earnings after Monday's close in what very well could be its last ever earnings report before a planned sale of its internet assets is completed.

Related Link: Bloomberg's Tom Giles Says Yahoo's Agreement With Activist Investor 'Buys Time' For Marissa Mayer

Coincidentally, final bids from potential buyers for its assets are also due today and mark the end of a multi-month process that at times was very confusing to many investors. As noted by Swisher, if all goes well in the bidding process, Yahoo will cease to become a public company and Mayer will leave the company after holding top ranks for four years.

Swisher stated that Mayer could be "leaving quickly" following the asset sale and she is already "planning her soft landing." On the other hand, she could stick around and offer help to the running bidder - that is if they want her help in the first place.

Meanwhile at company headquarters, Mayer isn't "calling any of the shots in the final sale," according to Recode's sources from both inside and outside of Yahoo's organization.

"She's been helpful with questions, but it's clear they have recused her," an un-named bidder was quoted as saying to Swisher. "The Mayer era at Yahoo is pretty much over."

Posted-In: Kara Swisher Marissa Mayer ReCode Yahoo Asset SaleNews Rumors Management Tech Best of Benzinga

 

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