Andrew Linden
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YHOO earnings: what you should know

Yahoo reported its earnings a few moments ago. "Our board, our management team, and I are completely aligned on this top priority for shareholders," Mayer said of the pursuit of a potential sale.

On the "strategic alternatives" front, Yahoo said that its board has "formed a strategic review committee of independent directors to consider strategic alternatives for the company alongside its continued consideration of a reverse spin."

"Since the launch of the process in February, management has worked diligently with the committee and its independent legal and financial advisors to engage with interested strategic and financial parties," Yahoo said in its Tuesday release.

In fact, Yahoo's reported mobile revenue actually fell from the fourth quarter 2015 to Q1 of this year — from $291 million to $260 million.

Overall, Mavens revenue only increased slightly year-over-year to $390 million in the first quarter from $365 million in the comparable year ago period. So-called "non-mavens" revenue fell from $742 million to $644 million year-over-year.

On the other revenue fronts, Yahoo reported that its GAAP search revenue was $492 million — a 9 percent decrease compared to the same period in 2015. GAAP display revenue, meanwhile, came in at $463 million for the quarter, representing a 1 percent decrease year-over-year.

Sounds interesting, but still this is a significant decrease. The Yahoo's business is dropping, but the deal is also coming. I thin that Yahoo will announce the deal in a month or so and it will have a significant premium. Number of bidders is amazing, everybody wants to get them, or their data. High demand impact the price for sure.