Yahoo panel to study ‘strategic’ options

SAN FRANCISCO: Yahoo said Friday it had named a committee to study the company’s “strategic alternatives,” moving a step closer toward a breakup or sale of the troubled Internet pioneer.

The California tech group had already said it was reviewing other options even as it carries out a major restructuring, but the formation of an independent panel moves that process forward.

The term “strategic alternatives” is often used when a company is considering a merger or sale.