Yahoo! (NASDAQ: YHOO) has been exploring strategic alternatives for quite some time. The Board of Directors also facilitated forming of a review committee in order to review, explore and consult the options available to the company. The latest of the developments in the Yahoo story follows Marissa Mayer, CEO of Yahoo, in New York City to discuss her vision regarding Yahoo!’s future and rally investors to support her ideas.

Yahoo! has reportedly put up core assets for sale but any material outcome is yet to be seen. This has sparked a debate among circles regarding the seriousness of Yahoo!’s top management to complete their fiduciary duty towards shareholders. Investors have also complained about unresponsive  behavior on the management’s part regarding the core business offers. SunTrust Robinson Humphrey analyst, Robert Peck, has highlighted that around 20 potential buyers have forwarded bids to yahoo’s management, which are all awaiting response.

The recent announcement by the management of the company to explore alternatives was coupled with a narrative of sale of stake in Alibaba, which indirectly asserts unwillingness to sell core internet business. The shareholders have urged the management as of late to sell the core business, but any action regarding such is yet to be seen. It is understood that the CEO wants to regain the position of power by admitting new, more patient directors to vacant seats and reaffirm her grip over the affairs of the company.

Firms such as Bain Capital, KKR and TPG, and public companies like AT&T, Time Inc. and Comcast have expressed interest in buying Yahoo. The analyst opinion on the stock has 8 Strong buy, 16 buy, 17 hold and 1 underperform. The stock is currently traded at $30.78.