Yahoo! Inc. (Nasdaq: YHOO) hired financial advisers and formed a committee of independent board members to explore its strategic options, taking steps to transform itself and consider deals amid rising pressure from investors.
Goldman Sachs Group Inc., JPMorgan Chase & Co. and PJT Partners Inc. will provide financial counsel, according to a statement Friday. The company also named Cravath, Swaine & Moore LLP as its legal adviser. The strategic review committee will establish a process to reach out to potentially interested parties and make recommendations on any proposed transactions, Yahoo said.