"Maximizing valueMayer said that even with a bidding process ongoing, she is hoping to revive growth in key areas and cut costs, saying "it is important to maximize the value of Yahoo in any scenario. Through disciplined expense management and focused execution, we delivered Q2 results that met guidance across the board and in some areas exceeded it. "We expect any offer in the range of $5-plus billion should be accepted by the Yahoo board to bring the process to a close," he said. "She said this effort involves "simplifying the business and efficiently aligning our resources. "We continue to make solid progress against our 2016 plan.

Source: The Nation Bangkok July 18, 2016 22:07 UTC