Report: Yahoo 'sale book' reveals dire finances

In a decision announced Thursday, March 10, 2016, Yahoo set up a battle for control of its board by appointing two directors likely to further agitate an activist shareholder threatening to lead an investor mutiny aimed at ousting Mayer unless she bows to demands to sell the companyís Internet operations. NEW YORK–The financial meltdown at Yahoo has gotten "increasingly dire." That's what veteran Silicon Valley journalist Kara Swisher reported in Re/code after examining disclosure documents inside the sale "book" Yahoo's bankers have shown to prospective bidders. Swisher writes that the "collective issues depicted in the book has many nervous about bidding." Among the reveals: Yahoo is in a "serious free fall."