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Yahoo seeks 'right leadership' for Kelkoo
0 Comments | AFP, October, 2007
SAN FRANCISCO (AFP) — Yahoo was tight-lipped Wednesday regarding possible plans to sell France-based Kelkoo, saying only that it is hunting for the "right leadership" for the shopping price comparison service.
Yahoo told AFP it has made a priority of improving the performance of Kelkoo, which has failed to gain momentum in Europe since the California Internet giant bought in April of 2004 for 450 million euros.
"One of the priorities we have identified is to improve the performance of Kelkoo, our online shopping business," Yahoo spokesman Brian Mast said.
"We have started a process to give Kelkoo more independence while we evaluate strategic options for the long term future of the business."
Yahoo is working to identify "the right leadership and team...
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