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The internet media firm Yahoo is planning to return to public markets as part of a plan to return the Silicon Valley-based group to prominence, its Chief Executive Officer Jim Lanzone told the Financial Times in an interview on Tuesday.
Lanzone noted that Yahoo was “ready financially, the company has a great balance sheet; we’re very profitable,” echoing comments he made in February when cutting jobs and restructuring its advertising tech division.
Lanzone, the former chief executive of Tinder, was brought in after the spinout of the group from Verizon in September 2021 to reestablish the group as an independent company.
