WSJ: Yahoo might promote itself off
Yahoo’s try at turning round its fortunes hasn’t gone that properly: on prime of sagging income and departing execs, it is nonetheless closely depending on each its Japanese enterprise in addition to its stake in Chinese language web big Alibaba. And now, it seems like the corporate may need to hand over the reins to another person. Sources for the Wall Road Journal perceive that Yahoo is holding a “marathon” variety of board conferences the place the potential of promoting the corporate’s core enterprise is on the desk. It isn’t sure how critical the online pioneer could be, however personal fairness companies are reportedly taking a peek.
Yahoo hasn’t commented on the obvious leak thus far. Nevertheless, it is no stranger to courting potential consumers. Keep in mind how Microsoft tried and failed to purchase Yahoo in 2008? Yeah. A deal might show tempting to an enormous firm hoping to jumpstart its web efforts, and it would be a extra reasonable prospect now that Yahoo has misplaced a few of its monetary clout. Whereas it will not be surprising if Yahoo insists on sustaining its independence and giving its restoration plans an opportunity, it sounds as if its board’s endurance is sporting skinny.
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