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Yahoo Exploring Sale Of $1 Billion-$3 Billion In 'non-Core Assets': Cfo

Ron Burgundy

By Ron Burgundy,
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Ron Burgundy

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A Yahoo logo is pictured in front of a building in RolleBy Deborah M. Todd SAN FRANCISCO (Reuters) - Yahoo Inc is exploring the sale of $1 billion to $3 billion of patents, property and other "non-core assets," its chief financial officer said on Thursday. Yahoo CFO Ken Goldman told the Morgan Stanley Technology, Media and Telecom Conference that a committee created to explore alternatives to the company's plan to spin off its core business is looking at quick sales of assets. Goldman said patents, land, property and "non-core units or businesses" are all on the table for potential sale, and the company has sold or licensed more than $600 million in patents over the last three years.




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