Yahoo’s Business Garage Sale Not Going Well
Go to the Yahoo Small Business homepage, and you’ll be informed that "PC Magazine named us ‘Editors’ Choice.’" It seems that not many other entities are interested in either Yahoo’s small business unit or HotJobs, however, as plans to sell both may have fallen through.
More than six months ago, reports indicated that Yahoo was trying to get rid of these divisions as Carol Bartz tried to focus on Yahoo’s core interests. Intermittent reports since then hinted that Yahoo’s had difficulty getting other organizations to consider its asking prices.
Now, with respect to Yahoo Small Business, Jeff Bercovici wrote, "[A]fter finding a shortage of interest, the Sunnyvale, Calif.-based Internet firm has put the sale on hold, according to a source close to the situation."
And Rafat Ali added, "Also, we have been hearing that its jobs site Hotjobs’ sale process is not going well . . . . Not a single confirmed bid came in when the process started, our sources say."
So it sounds as if Yahoo’s garage sale wasn’t exactly successful. The big question is whether the company will lower its expectations and try again, or decide to keep Yahoo Small Business and HotJobs, after all.
CORRECTION: Whoops, sorry everybody (including Yahoo) . . . turns out at least half of this information was wrong. Monster announced its acquisition of HotJobs this afternoon.