Yahoo plans to sell itself off
Sources for the Wall Street Journal have told the journal that Yahoo is holding a “marathon” number of board meetings where they’re discussing the possibility of selling off its core business. Yahoo holds a 15% stake in Alibaba, which is a booming Chinese company. Yahoo bought the stake, and theres been talks of spinning the stake off. The problem though is taxes and what would happen to Yahoo’s core business which includes ads, news, and Tumblr.
If Yahoo does sell its core business or spin it off Yahoo would become a holding company for its stake in Alibaba. Microsoft tried to buy Yahoo back in 2008, but the company rebuke the offer. Now flash forward to 2015, and Yahoo’s tried to revive the company through start-up purchases from small companies to Tumblr. The companies lost much of its finical clout, and it’s search results are severed by Bing.
Yahoo may want to wait a little longer to see if any of their purchases have panned out, and if they’re able to become the major player like they were in the late 90’s and early 2000’s. Tell us in the comments below what you think about Yahoo spinning off or selling its core business!