The Wall Street Journal this afternoon reported that the Yahoo board is going to consider this week whether to sell some or all of the company:
"The fate of troubled Internet portal Yahoo Inc. may be decided in a marathon series of board meetings this week.
Yahoo’s board plans to weigh a potential sale of the company’s core business during a series of meetings beginning Wednesday and continuing through Friday, people familiar with the matter said.
The board is expected to discuss whether to proceed with a plan to spin off more than $30 billion in shares of Alibaba Holding Group Ltd., find a buyer for Yahoo’s core business of Web properties, or both, the people said." http://tgcafe.it/1TlcoUW
Investors seem to like the idea: Yahoo shares rose 7% in after-hours trading following news of the breakup talks, after closing at $33.71 Tuesday.
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Yahoo Board to Weigh Sale of Internet Business - WSJ Board to discuss whether to proceed with a plan to spin off its investment in Alibaba, find a buyer for its core business, or both, sources said |
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