Weeks after firing CEO Carol Bartz, Yahoo's board isn't looking for a replacement but instead for ways to sell the whole company, or parts of it.

Silicon Alley Insider reports a memo from Jerry Yang, co-founder and former CEO, confirming that the board is looking at various offers to buy the company but assuring employees that Yahoo will survive.

"Our advisers are working with us to develop ideas that we will pursue proactively. At the same time, they are fielding inquiries from multiple parties that have already expressed interest in a number of potential options. We will take the time we need to select and structure the best approach for the company, its shareholders and employees," wrote Yang in the leaked e-mail.

While the memo is vague enough, speculation among insiders is that a sale is near. The memo does warn employees not to spread any rumors and that the board will move methodically in any of its plans.

"While we will move with a sense of urgency, this process will take time. Months, not weeks."

Another e-mail later in the day from interim CEO Tim Morse sought to reassure employees that the company is not "in limbo," which did nothing to lessen the confusion.

"I'm sure by now you've all seen the note from Jerry, David and Roy," says the e-mail published in AllThingsD. "I want you to know that while the board works through all of our options, CEO, staff and I have been charged to move the company forward. That means we will not be sitting still over the next few months. We are actively making decisions and taking action."

Yahoo's future has been the subject of much news this past week. Private equity firm Silver Lake Partners, which is leading a group investing in Alibaba, the Asian sales giant that is 43 percent owned by Yahoo, is now rumored to be one of the parties interested in acquiring Yahoo.

Sources inside the company say the board is reaching out to other media companies to see if they are interested in buying all or part of the core business. Among those companies being courted are News Corp, Disney, and Glam Media.

If no buyer steps up with a suitable offer, the board could still shift its focus to finding a new CEO and turning the company around. For now Yahoo's fate is still in limbo.