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Yahoo hires McKinsey to help with reorganization: Re/code

[BENGALURU] Yahoo Inc has appointed management consulting firm McKinsey & Co to help with the reorganization of its core businesses, technology news website Re/code reported on Monday.

McKinsey will help Yahoo decide which units to shut, sell or invest in, Re/code said, citing several people close to the situation. Yahoo, which is preparing to spin off its 15 per cent stake in Alibaba Group Holding Ltd, and McKinsey were not immediately available for comment.