170.00 Dollar US$ Board will consider world wide web biz sale Leek

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For Babies - Infants Published date: April 9, 2016
  • Country: United Kingdom
  • Region: Berkshire
  • City: Leek
  • City area: 94140
  • Address: 34 Rue De Geneve, Alfortville

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

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

The Yahoo board of directors will meet Wednesday through Friday to consider ao preço de 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 de computadores interligados business, or both, The WSJ said.

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

Activist shareholder Starboard wrote lá letter to Yahoo last month urging it to halt its plan to spin off its 15% stake in Alibaba through caso 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 internet search and ad business.
It's not clear what price Yahoo's core business could fetch, given that Wall Street currently gives it em 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 linha properties remain some of the most visited in the world, with hundreds of millions of monthly visitors. But the company remains far behind internet rivals such as Google and Facebook in terms of user engagement and advertiser budgets.

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

Essa Yahoo representative told Business Insider that it would not comment acessível 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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