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Yahoo open to offers for its core assets

Company also plans to lay off about 15% of its 11,000 employees, resulting in a workforce about 42% smaller than it was in 2012

With investor impatience growing, whether Ms Mayer will get more time to fix the company promises to be one of Silicon Valley's most prominent dramas of 2016.

San Francisco

YAHOO is moving full speed ahead - in every direction.

The Internet pioneer said on Tuesday that it was open to offers for its core assets, which would represent the end of Yahoo as an independent entity. That is a shift from the company's position as recently as