164.00 Pound £ Board will consider rede biz sale Ullesthorpe

Mark as spam misclassified duplicated expired offensive

Barter Published date: April 18, 2016
  • Country: United Kingdom
  • Region: Merseyside
  • City: Ullesthorpe
  • City area: 56600
  • Address: 20 Place Napoleon, Lanester

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

Yahoo shares are up roughly 7% at $36.09 in after-hours trading on-line 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 caso lucrative stake in its Asian investments.

The Yahoo board of directors will meet Wednesday through Friday to consider por 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 em direção a look at Yahoo's business are private-equity shops, according to the report.

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

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

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

Pour en savoir beaucoup plus au sein des pages de Emploi a domicile consulter notre page web.

Contact seller

Useful information

  • Avoid scams by acting locally or paying with PayPal
  • Never pay with Western Union, Moneygram or other anonymous payment services
  • Don't buy or sell outside of your country. Don't accept cashier cheques from outside your country
  • This site is never involved in any transaction, and does not handle payments, shipping, guarantee transactions, provide escrow services, or offer "buyer protection" or "seller certification"