No offers have materialized publicly, but a company considering selling itself might want a board that has experience with buying and selling - not to mention a board that is inclined to sell, rather than rebuild.
A new board might be more open-minded to various options and could have a sense of urgency in ending Yahoo's corporate limbo.
"With revenue and profits steadily down over the past few years, it's also obvious that the existing management team hasn't figured out a way to make the company more relevant in the era of Google and Facebook," said Dan Olds, an analyst with The Gabriel Consulting Group. "Shareholders are restless and getting more restless, so it's time to get some new blood in there."
With a rebuilt board on tap, all the company's options may be on the table.
"This move opens up the possibilities of selling all or parts of the company," Olds said. "The former board considered these courses of action, but didn't actually do anything substantial along these lines. I'd assume that everything is on the table now that Yahoo has a new president and a rejiggered board of directors."
Sharon Gaudin covers the Internet and Web 2.0, emerging technologies, and desktop and laptop chips for Computerworld. Follow Sharon on Twitter at @sgaudin, on Google+ or subscribe to Sharon's RSS feed. Her e-mail address is firstname.lastname@example.org.
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