The Wall Street Journal reported that Yahoo’s board is considering the sale of its core business in a series of forthcoming meetings.
So, naturally, the company’s shares jumped 7 percent in extended trading after the news came out. This is important for Yahoo, which for the most part already seen its core business to stagnate, and the value of its stake in Alibaba outweigh the value of Yahoo appropriate.
Magazine reports that in the meetings, the Board will decide whether or not the allocation of its share in Alibaba, sold online assets, or both. Status stake in Alibaba, which he offered to give a push to be in the air after reports that the process can be more complicated when it comes to tax issues.
middling performance of the company has led to a drop in shares of more than 30 percent per year.
Combining the company’s shares in Alibaba and Yahoo Japan, shareholders effectively evaluated company’s core business, and less than zero – that does not show a bunch of confidence in the direction of the company. Shareholders cared a lot more about the company’s rates in Japan and Yahoo Alibaba.