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Yahoo May Sell Its Core Internet Business

Dec 2, 2015, 8:25 AM by Eric M. Zeman

Yahoo is weighing whether or not it should sell its core business, sell its interests in Alibaba, or both, according to the Wall Street Journal. The decision will be entertained at a series of board meetings to be held this week. Yahoo's board is set to discuss the firm's future as turn-around efforts remain doggedly slow-paced. Yahoo CEO Marissa Mayer, who was hired away from Google, has spent the last three years attempting to rebuild the company's main internet products. The board's actions this week signal a lack of faith in the company's future under Mayer's leadership. Yahoo did not comment on the Journal's story.

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Comments

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This forum is closed.

Papeng27

Dec 3, 2015, 3:36 AM

Actually, I agree. Would be the best move they did since they constant downfall. It's like they have a acquisition curse. Was offered to buy Google twice, was also offered to purchase facebook. If this happens, this would be one of the biggest internet/site deaths.

Vmac39

I believe Microsoft also offered to buy them, under the previous CEO. They should have sold then.

JoelMikel

Dec 2, 2015, 9:10 AM

First smart thing they've considered doing in the past 8 years.

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