WSJ: Yahoo may sell itself off
Yahoo’s attempt at turning around its fortunes hasn’t gone that well: on top of sagging profits and departing execs, it’s still heavily dependent on both its Japanese business as well as its stake in Chinese internet giant Alibaba. And now, it sounds like the company might want to hand over the reins to someone else. Sources for the Wall Street Journal understand that Yahoo is holding a “marathon” number of board meetings where the possibility of selling the company’s core business is on the table. It’s not certain how serious the web pioneer might be, but private equity firms are reportedly taking a peek.
Source: Wall Street Journal
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