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Yahoo Will Not Spin Off Alibaba Stake, Weighs Core Business Sale: Cnbc

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy Omniscient Member

Ron Burgundy

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A Yahoo logo is pictured in front of a building in RolleSAN FRANCISCO/BENGALURU (Reuters) - Yahoo Inc is weighing a sale of its core Internet business and will not sell its stake in Chinese e-commerce firm Alibaba Group Holding Ltd , CNBC reported, with an announcement as soon Wednesday. The moves represent a stark rejection of Chief Executive Officer Marissa Mayer's plan to sell the $30 billion Alibaba stake, and revive the core Internet unit focusing on growing mobile, video and social media ads. Yahoo could not immediately be reached for comment.




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