Yahoo Calls Off Sale of Small-Business Unit
Brian Nelson, Yahoo's director of communications, said in email that the company "does not comment on rumor or speculation." Nelson added: "We are focused on competing and winning in Yahoo Small Business. We will always look at parts of the business where divestitures, partnerships or outsourcing could generate incremental value and help us improve our focus. That said, we believe 2010 is about acquisitions and investments to make Yahoo even stronger."
The company last week reported better-than-expected fourth-quarter earnings and also projected that it would beat analysts' predictions for first-quarter 2010 revenues.
Yahoo competes with AOL (AOL), parent of DailyFinance, across a variety of fronts.