FORTUNE: Yahoo formed a committe to explore options, hinting at its vunerability.
The company on Friday announced that it has enlisted the help of financial firms Goldman Sachs GS -0.62% , J.P. Morgan JPM 0.07% , and PJT Partners, along with legal adviser Cravath, Swaine & Moore, to explore possible transactions. Those advisors will aid a Strategic Review Committee comprising independent board members, who will actively seek out transactions for its business.
‘The Board is thoroughly committed to exploring strategic alternatives while simultaneously supporting management and the employees in their implementation of Yahoo’s strategic plan,’ Yahoo YHOO 2.21% board chairman Maynard Webb said in a statement. ‘We believe that pursuing these complementary paths is in the best interests of our shareholders and will maximize value.’