Yahoo! says Poopoo! to Kelkoo!

[mandy]

Yahoo said on Tuesday it was considering “strategic options” for Kelkoo, including a possible sale of the online shopping comparison service that it acquired only three-and-a-half years ago.

The internet company, which has been re-evaluating its business under its returned chief executive, paid €475m ($672m) in cash for Paris-based Kelkoo in March 2004, as part of a push to bolster its European operations. However, it acknowledged on Tuesday that it had not progressed as expected.

“One of the priorities we have identified is to improve the performance of Kelkoo,” ...

“Today we are starting a process to give Kelkoo more independence – while we evaluate strategic options for the long-term future of the business.”

full article: http://www.ft.com/cms/s/0/ef3b0812-7143-...s01=1.html