Today's Hard|Forum Post
Today's Hard|Forum Post

Wednesday December 02, 2015

Yahoo Board To Weigh Sale Of Internet Business

According to anonymous sources, Yahoo's board is meeting to discuss whether to move ahead with finding a buyer for its core business, spin off its investment in Alibaba or both. Who has the kind of money to plop down on Yahoo's internet business? The article says that it would most likely be private equity firms.

The company will weigh the decision to sell its core business during a series of meetings from Wednesday to Friday, according to the report, which cites anonymous sources. During those meetings, everything apparently is on the table. The company will discuss whether it will continue with its plan to spin off its stake in the Chinese e-commerce giant Alibaba, worth more than $30 billion. Or it could sell its own Internet business. Or it could do both.

Comments