Yahoo Forms Committee to Look at Strategic Alternatives
Feb 19, 2016, 8:41 AM by Eric M. Zeman
Yahoo today said it has formed a committee of board members to head up its exploration of strategic alternatives. Earlier this month, Yahoo announced its intent to weigh changes to its core business in order to regain financial footing. The company views a separation from Alibaba as key to its turnaround efforts. The committee will seek out ways to make that move, as well as determine other steps Yahoo can take, such as selling or spinning off its main internet business. Yahoo has been cutting products and costs in recent months and earlier this week shuttered a number of digital magazines. The company also plans to lay off about 15% of its staff.
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