Yahoo reportedly gets serious about selling its core business
Yahoo appears to have more than just a casual interest in selling itself off. Both CNBC and the New York Times claim that the web giant has ruled out spinning out its remaining stake in Alibaba and is instead thinking seriously about a sale, whether it’s the company’s stake in Yahoo Japan or the entire core business. It will reportedly take “a year or more” to assess everything, but you may not have to wait that long to get some official news — Yahoo could announce something as early as Wednesday.
The company isn’t saying anything at the moment. If it does go ahead with a sale, though, it won’t exactly be a ringing endorsement of CEO Marissa Mayer’s strategy to date. She promised to “reset” Yahoo’s focus back in October, but that probably won’t be much comfort when the firm has dealt with evaporating profits and a string of acquisitions that did little to turn things around. If there is a deal, it won’t be surprising if there’s a change in leadership at the same time.
[Image credit: Karen Bleier/AFP/Getty Images]
Via: Reuters
Source: CNBC, New York Times
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