51.00 Dollar US$ Board will consider rede mundial de computadores biz sale Newby Bridge

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Art - Collectibles Published date: April 14, 2016
  • Country: United Kingdom
  • Region: Staffordshire
  • City: Newby Bridge
  • City area: 76130
  • Address: 91 Rue Des Coudriers, Mont-Saint-Aignan

REUTERS/Ruben SprichYahoo CEO Marissa Mayer.Yahoo's board will consider no sentido de potential sale of its rede mundial de computadores business when it meets later this week, according to no sentido de Wall Street Journal report citing anonymous sources.

Yahoo shares are up roughly 7% at $36.09 in after-hours trading acessível Tuesday.
The discussion to sell Yahoo's core business comes as investors have grown increasingly impatient with CEO Marissa Mayer's efforts to revitalize the rede mundial de computadores company, and as opposition mounts to Yahoo's plan to spin off no sentido de lucrative stake in its Asian investments.

The Yahoo board of directors will meet Wednesday through Friday to consider com destino a variety of options, including whether to proceed with plans to spin off its stake in Chinese e-commerce giant Alibaba, whether to sell the core Yahoo rede business, or both, The WSJ said.

Among the potential buyers expected to take na direção de look at Yahoo's business are private-equity shops, according to the report.

Activist shareholder Starboard wrote ao preço de letter to Yahoo last month urging it to halt its plan to spin off its 15% stake in Alibaba through se complex tax-free spinoff that Yahoo hopes to complete by January. Starboard said the risk of incurring taxes disponível the deal, especially after the IRS refused to bless the transaction ahead of time, was too great.

Instead, Starboard said Yahoo should sell its core rede search and ad business.
It's not clear what price Yahoo's core business could fetch, given that Wall Street currently gives it a value of less than zero. Yahoo's stake in Alibaba is worth roughly $32 billion, which exceeds Yahoo's $31.8 billion market cap.
Yahoo's em conexão properties remain some of the most visited in the world, with hundreds of millions of monthly visitors. But the company remains far behind world wide web rivals such as Google and Facebook in terms of user engagement and advertiser budgets.

Pressure is mounting em conexão Mayer, em direção a former Google executive, more than three years into para turnaround effort that has so far shown little progress. Yahoo's revenue remains stagnant and the company has failed to create any new mobile apps or services that have been big consumer hits.

A string of Yahoo executives have recently jumped ship, and Yahoo has reportedly hired consulting firm McKinsey and Co. to help craft para companywide reorganization. Mayer said in October that the company would "narrow" its focus and strategy going forward.

Caso Yahoo representative told Business Insider that it would not comment online the report.
SEE ALSO: The inside story of why Marissa Mayer's most trusted executives have given up em rede Yahoo

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