Yahoo looking into going Public again

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Yahoo CEO Jim Lanzone plans on returning the web perennial to a publicly-traded company and its “huge” traffic numbers are expected to clear the way.

While Yahoo is “too small” to tackle search engine titans Google (GOOG) – Get Free Report and Microsoft (MSFT) – Get Free Report, owner of Bing, Lanzone indicated the company may be ready for an IPO, and the sooner the better.

In a July 4 interview published in the Financial Times, CEO Lanzone said Yahoo is “ready financially, the company has a great balance sheet, (and) we’re very profitable.”

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www.thestreet.com/technology/report-massive-tech-company-weighing-ipo-again?puc=yahoo&cm_ven=YAHOO

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