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.”