Shares rose more than 3 per cent before the opening bell today.
Yahoo Inc is under extraordinary pressure from big shareholders who are threating a proxy fight with the company.
It cut 15 per cent of its staff earlier this month with investors pushing for a sale of Yahoo's core Internet operations after 3 1/2 years of declining revenue under CEO Marissa Mayer.
The company today said that it had hired Goldman Sachs, JP Morgan and PJT Partners Inc as advisers to the new committee tasked with engaging interested strategic and financial parties.
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