Ron Burgundy Posted December 2, 2015 Share Posted December 2, 2015 Plans by Yahoo Inc's board to consider selling its struggling Internet business sent the company's shares up more than 5 percent on Wednesday, as investors cheered a potential new way to separate Yahoo's traditional services from its valuable investment in Chinese Web merchant Alibaba. Yahoo's board will weigh a sale of the Internet business at a three-day board meeting starting on Wednesday, a source familiar with the matter told Reuters on Tuesday. Chief Executive Marissa Mayer's attempts to revive the traditional business have born little fruit, and almost all of Yahoo's market capitalization of about $34 billion is ascribed to its stakes in Chinese e-commerce company Alibaba Holding Group Ltd and Yahoo Japan Corp . View the full article Quote Link to comment Share on other sites More sharing options...
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