Yahoo’s board is still working on selling the company.
“We’re continuing to make great progress,” CEO Marisa Mayer said at the company’s annual shareholder meeting on Thursday, adding that on a personal note, she’s “been very heartened by the level of interest in Yahoo.”
The Internet giant officially hung out its “For sale” sign in February, and for the last few months has been entertaining acquisition bids from prospective buyers ranging from media companies to private equity. As of mid-June, there are still three bids from private equity investors—TPG Capital, Advent International, and a joint bid from Vector Capital and Sycamore Partners—as well as AT&T (T), Verizon (VZ), and Quicken Loans founder Dan Gilbert. Yahoo is also working on a potential sale of 3,000 of its patents.
Mayer declined to provide more details about the sale process.
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Yahoo has also explored spinning-off of its stake in Chinese e-commerce giant Alibaba (BABA), but it abandoned the idea late last year after it failed to get an early green light from the Internal Revenue Service that it would be a tax-free transaction.
Nevertheless, Mayer tried to reassure shareholders during her opening presentation by citing a long list of metrics that showed growth while also highlighting its new products.
Yahoo’s stock price (YHOO) rose .11% to $37.60 in after-hours trading on Thursday.
