YAHOO CEO Marissa Mayer tried to hit all the upbeat notes during an annual shareholders meeting as the company considers selling its slumping internet operations.

Verizon Communications, long considered the favorite in the Yahoo asset sales sweepstakes, plans to submit a $3 billion bid, according to a published report.

Marissa Mayer and activist hedge fund manager Jeff Smith have been locked in a bitter struggle for control of Yahoo. Now Smith is Mayer's boss.