132.00 Dollar US$ Board will consider world wide web biz sale Beverley

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Art - Collectibles Published date: April 9, 2016
  • Country: United Kingdom
  • Region: Hampshire
  • City: Beverley
  • City area: 71000
  • Address: 47 Avenue Voltaire, Macon

REUTERS/Ruben SprichYahoo CEO Marissa Mayer.Yahoo's board will consider na direção de potential sale of its rede business when it meets later this week, according to em Wall Street Journal report citing anonymous sources.

Yahoo shares are up roughly 7% at $36.09 in after-hours trading em rede 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 web company, and as opposition mounts to Yahoo's plan to spin off autor 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 internet business, or both, The WSJ said.

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

Activist shareholder Starboard wrote na direção de letter to Yahoo last month urging it to halt its plan to spin off its 15% stake in Alibaba through com destino a complex tax-free spinoff that Yahoo hopes to complete by January. Starboard said the risk of incurring taxes em conexão 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 de computadores interligados search and ad business.
It's not clear what price Yahoo's core business could fetch, given that Wall Street currently gives it caso 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 conectado properties remain some of the most visited in the world, with hundreds of millions of monthly visitors. But the company remains far behind www rivals such as Google and Facebook in terms of user engagement and advertiser budgets.

Pressure is mounting em rede Mayer, em former Google executive, more than three years into e 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 na direção de companywide reorganization. Mayer said in October that the company would "narrow" its focus and strategy going forward.

Autor 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 na Internet Yahoo

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