Yahoo to discuss selling core business: sources
Directors will also discuss whether to proceed with spinoff of Alibaba stake
San Francisco
THE board of Yahoo will discuss potentially selling off the beleaguered Internet company's core business during a series of meetings this week, people briefed on the plans said on Tuesday.
Directors of the company will also discuss whether to move forward with a spinoff of Yahoo's 15 per cent stake in the Alibaba Group, the Chinese e-commerce giant. The board will weigh all its options, and it is unclear whether the directors will change course, said the people, who spoke on the condition of anonymity because they were not authorised to publicly discuss the plans.
Still, the discussions - which will take place at a regularly sche…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Technology
'Harvesting data': Latin American AI startups transform farming
After long peace, Big Tech faces US antitrust reckoning
Tech’s cash crunch sees creditors turn ‘violent’ with one another
Tech millionaires chase billionaire tax shields with ‘swap fund’
Elon Musk’s Starlink profits are more elusive than investors think
Hollywood animation, VFX unions fight AI job cut threat