AfterDawn: Tech news

Yahoo board convenes as the company considers selling itself

Written by Andre Yoskowitz (Google+) @ 03 Dec 2015 11:21 User comments (2)

Yahoo board convenes as the company considers selling itself Struggling tech pioneer Yahoo! is considering selling itself, and the company's board of directors has met to consider a number of options.
The company, which mainly has value due to a large stake in Alibaba, has been looking to spin-off the stake, but there could be significant tax consequences for doing so. The board is also discussing whether to sell off their web businesses, which have seen significant declines in recent years, even after the high-profile hiring of CEO Marissa Mayer.

Mayer and the board are also facing a battle from activist investor Starboard Value, which is demanding that Yahoo sells their search and display advertising businesses and has threatened a proxy battle if Mayer does not change her plans to sell the Alibaba stake.

Currently, Yahoo has a market value of $33 billion, $31 billion of which is tied to the company's stake in Alibaba meaning its core business are worth $2 billion, a major decline from when Microsoft tried to buy the whole company in 2007 for a grossly overpriced $45 billion.

Source:
BBG

Tags: Yahoo Alibaba
Previous Next  

2 user comments

13.12.2015 14:37

R.I.P. Yahoo!

24.12.2015 15:09

It's been a zombie for a while.

I'm probably going to have to find a new junk email account provider (that isn't Hotmail), dammit.

Comments have been disabled for this article.

News archive