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Yahoo Looking to Sell Up to $3B In Non-Core Assets

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Mar 4, 2016, 8:20 AM by Eric M. Zeman

Yahoo hopes to sell between $1 billion and $3 billion of patents, property, and other assets, according to CFO Ken Goldman. The company is already exploring its strategic alternatives and believes a quick asset sale can shore up its finances. The company has generated $600 million from similar sales in the past. Yahoo is also weighing a sale of its internet business in a move to separate it from Alibaba. Yahoo doesn't yet have any specific deals in the works.

Reuters »

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