Not bad for a CEO who spent four years trying unsuccessfully to pull off a turnaround
Updated version of the app has been introduced after its successful launch in December last year
Marissa Mayer's prescription that for its development the web should accommodate Google didn't come to pass as search results were superseded by social feeds for news and entertainment
Company has struggled to find its footing after early success on the internet
Buying Yahoo's operations will boost Verizon's AOL internet business
However, she said she has no plans of leaving the company
The announcement will come before the start of New York trading hours, the source added
Verizon Communications Inc and AT&T Inc are said to be in the running to acquire Yahoo's core business
Alphabet, Google's parent, had $315,948 in sales per worker in the first quarter while Facebook garnered almost $400,000
Yahoo's failure clarifies future for US spinoffs
Yahoo, which has been eclipsed by rivals such as Google and Facebook, is studying the possibility of a sale
Deadline for bids for patents has been set for mid-June by the company
The interest of Buffett and Gilbert is a boost for Yahoo, which has been surpassed in recent years by rivals such as Alphabet
The company reported a net loss of $99 million in the first quarter, compared with a $21 million profit a year earlier
Marissa Mayer's total compensation dropped in 2015 to $35.98 mn from $42.1 mn a year earlier, according to a regulatory filing
After culling the list to a handful of the most plausible buyers, Yahoo! will give them increased access to internal documents
Marissa Mayer hinted that Yahoo! would prefer a buyer like Verizon that could achieve "strategic synergies"
Yahoo has set an April 18 deadline for bids
April 11 deadline could mean that Yahoo could close a deal by June or July, Wall Street Journal reported
Tensions between Yahoo! and its most outspoken shareholder, the activist hedge fund Starboard Value, were already running high when the two sides agreed early this year on a face-to-face meeting in Manhattan.But on the morning of that meeting on March 10, Yahoo! surprised Starboard when it filled two vacancies on its board without consulting the hedge fund, in what many viewed as a poke in the eye. For Starboard, the meeting was yet another bad omen. And on Thursday the hedge fund made good on its months-old threat to try to unseat the ailing web pioneer's board. In running nine candidates to try to oust all the incumbent directors, the hedge fund is seeking to claim its biggest corporate scalp yet. And Yahoo! must defend itself while also trying to explore a potential sale of its core business.The slate - which includes a former executive at NBCUniversal and a former technology banker at Deutsche Bank as well as Starboard's chief executive, Jeffrey Smith - represents the strongest cha