Mayer Mum On Yahoo Bids

Melissa Mayer

Marissa Mayer, Yahoo president and CEO, told investors at the company's annual shareholders' meeting Thursday that its management team and board are fully aligned with one clear priority — "delivering shareholder value to all of you" through strategic alternatives, business and capital allocations.

"We have no announcements today, but continue to make great progress on our process," Mayer said, referring to a possible divestiture of its core businesses, including search. "On a personal note, I will say I've been very heartened by the level of interest in Yahoo. It validates our business processes as well as our achievements to date."

According to MediaPost, the first question from one investor involved the future of Yahoo and Yahoo shares. "Can you elaborate more on the sale of Yahoo or if there's a way to keep Yahoo?" he asked. "I'd rather have Yahoo shares, if that's possible."

Mayer said that pursuing the separation of its equity assets from its operating business, the Internet business with products and services — search, mobile and others — will unlock "substantial value."