Yahoo open to offers for its core assets

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 December.

Yahoo is also proceeding with plans to spin out its core assets. That would leave its most valuable property - its holdings in the Chinese e-commerce giant Alibaba - in a different company. Investors like that idea.

But what Yahoo is really focusing on is revitalising itself under the guidance of Marissa Mayer, who has been chief executive since the summer of 2012.

"At the risk of stating the obvious," Ms Mayer said on Tuesday in a conference call with analysts, "our situation is c…