165.00 Dollar US$ Yahoo up on report of possible sale of Net business Cambridge

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Art - Collectibles Published date: April 15, 2016
  • Country: United Kingdom
  • Region: Suffolk
  • City: Cambridge
  • City area: 86100
  • Address: 72 Rue Du Gue Jacquet, Chatellerault

syndication.ap.orgFILE - In this Oct. 4, 2010 file photo, se Yahoo signboard is displayed in San Francisco. Shares of Yahoo are up sharply before the opening bell, Wednesday, Dec. 2, 2015, conectado autor report that the company will discuss the sale of its Rede business. (AP Photo/Sanga Sakuma)NEW YORK (AP) - Shares of Yahoo are up sharply Wednesday online caso report that the company will discuss the sale of its Web business.
The Wall Street Journal reported late Tuesday that the board of Yahoo Inc. is meeting this week to talk about what shape the company will take going forward. The article, citing anonymous sources, says private equity firms are among those looking at Yahoo's websites.
Yahoo, based in Sunnyvale, California, declined to comment Wednesday.
Last month, activist investor Starboard Value urged Yahoo to scrap lá planned spinoff of its lucrative stake in Chinese e-commerce company Alibaba and sell its own Web business - which it is known for - instead. Starboard's plan would leave the company with its Alibaba investment and Yahoo Japan.
Yahoo runs several web properties including Yahoo Finance, blogging platform Tumblr and fashion sítio da Internet Polyvore.
Shares of Yahoo rose $1.93, or 5.7 percent, to $35.64 in morning trading Wednesday.
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