Yahoo reportedly considering selling off parts of its core businessBy Robin-Leigh Chetty 2 December 2015 | Categories: news
The long-term future of Yahoo is reportedly up in the air. According to The Wall Street Journal, the company is in active internal discussions on whether to sell off parts of its core business. A decision on the matter is most likely to be reached when Yahoo's board members meet later this week.
Among the options on the table, Yahoo could potentially sell off its internet business or possibly spin off some of its shares in Alibaba. There is also a possibility that it might do both, should the financial situation of the company be deemed more dire than initially expected. As The Verge reports, Yahoo is said to be a 15% shareholder in Alibaba, which is undoubtedly the company's best performing asset at the moment. That 15% stake has been declining for some time, as Yahoo has been detailed to have been spinning off its shares for the past few years.
While selling off Alibaba shares might be the best option at this stage, it is still believed that Yahoo's board is greatly concerned about the company's ability to turn things round. A developing story at this stage, more information is expected about Yahoo's future in coming weeks.
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