In a remarkably candid interview on CNBC, Yahoo CEO Carol Bartz readily admits that she would accept offers for the company.
Her exact words. “Absolutely,” she said. “Any company at the right price.”
She also admits that had she been in charge at the time, she would have readily accepted Microsoft’s buy out offer of $36 a share. Asked directly, if she had been the chief executive in February 2008, would she have accepted Microsoft’s buyout offer. Her answer:
Despite appearing to outsource its search business to Bing (which still accounts for 40% of the company’s revenue), Bartz maintains the company is undervalued and will “kick butt”.
Despite the apparent confidence, Yahoo’s identity still remains a major unknown. CNBC asked Bartz what Yahoo is today – and she sadly didn’t really have a concrete answer. She said Yahoo is a place where people go to find information, but as for its current offerings she only said, “Now we have that content; we have that editorial presence.”
Happy Birthday Yahoo.