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December 2, 2015

Yahoo in crunch talks over Alibaba sell off

News: Firm may sell off core web business

By Charlotte Henry

Yahoo is preparing to cash in on its Internet business, with discussion taking place in a series of meetings until the end of this week.

The Wall Street Journal reports that the directors will discuss whether the firm will continue with its current plan to sell off its 15% stake in Chinese e-commerce giant Alibaba, try and sell its web properties, or do both.

Activist investor Starboard Value has previously publicly called on Yahoo to sell the internet business instead of the Alibaba stake, and it is thought that private equity firms are looking into the core business of Marissa Mayer’s firm.

Calculations also reveal that investors are valuing Yahoo’s core business at less than zero if Alibaba and Yahoo Japan are spun off tax free, and this status could still be challenged.

Yesterday one Yahoo executive pulled out of an appearance at a Credit Suisse investment conference, leading to further speculation about what that firm is planning.

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