Yahoo received inquiries from many parties -- memo

Yahoo Inc has received inquiries from multiple parties about "potential options," but the struggling Web company expects to take months to decide its future, the company's co-founders and chairman said in a letter to employees on Friday. "Our advisers are working with us to develop ideas that we will pursue proactively," read the letter, a copy of which was obtained by Reuters. Yahoo retained Allen & Co to help it conduct a "strategic review" after it fired Chief Executive Carol Bartz earlier this month. "They are fielding inquiries from multiple parties that have already expressed interest in a number of potential options," read the letter on Friday, signed by Chairman Roy Bostock and co-founders Jerry Yang and David Filo. Private equity firm Silver Lake Partners is among the parties that have been in touch with Allen & Co, according to a source familiar with the matter.Click here for full story