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    Yahoo considers shock move to sell off internet business

    This is a discussion on Yahoo considers shock move to sell off internet business within the Sky news and announcements forums, part of the SkyUser Announcements category; Yahoo considers shock move to sell off internet business - Telegraph Struggling internet company could go up for sale resulting ...

    1. #1
      Scubbie's Avatar
      Scubbie is offline Sky User Moderator
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      Yahoo considers shock move to sell off internet business

      Yahoo considers shock move to sell off internet business - Telegraph
      Struggling internet company could go up for sale resulting in Marissa Mayer's departure as it tries to spin off Alibaba stake

      Yahoo is considering a radical move to sell off its core business as a three-year turnaround effort from Marissa Mayer fails to bear fruit, according to reports.

      The internet company, which has struggled in attempts to spin off its hugely valuable stake in Alibaba without a huge tax bill, is holding a series of board meetings this week to weigh the option of putting its main business up for sale instead, according to the Wall Street Journal.

      A giant of the world wide web in the 1990s, Yahoo's internet business has fallen into a seemingly-terminal decline, with this year's profits expected to be half those of 2012 when Ms Mayer joined. Her appointment from Google was seen as a major coup for Yahoo after years of turmoil, but the core search and website business has stuttered, with Ms Mayer's main legacy being a string of expensive acquisitions.

      At the same time, Yahoo's stakes in Alibaba and Yahoo Japan - a joint venture with Japanese internet group Softbank - have ballooned in value. Yahoo's market value roughly mirrors the value of these investments, meaning Wall Street essentially views its core business as worthless.

      <Chart showing share prices for the last year>

      Yahoo has planned to spin off its 15pc stake in Alibaba, but has run into difficulties over the taxes such a move would accrue, with American authorities warning that its elaborate restructuring plan designed to avoid taxes on a spinoff would not pass muster.

      Although getting rid of the stake remains the official plan, Starboard, an activist investor, has urged Yahoo to instead sell off its core business, essentially rendering what is left an investment vehicle.

      The company's advertising-funded internet properties - its search engine, email services and the Yahoo website - as well as Tumblr, the social network it acquired in 2013 and a number of advertising technology companies bought by Ms Mayer, could be acquired by private equity buyers, or possibly Softbank itself.

      Such a move could well result in the departure of Ms Mayer, who has overseen executive turmoil and has struggled to boost Yahoo's standing among smartphone users, her major priority when joining. As investors grow impatient, her future at Yahoo has been called into question, although her position at the top of the company has been consolidated by her hand-picking a number of lieutenants as members.

      Despite its troubles, some people still believe Yahoo's core business could be turned around with the right management. It had revenues of $1.2bn in the third quarter of the year, and is the fifth-most popular website in the world, behind only Google, Facebook, YouTube and Chinese search engine Baidu, according to rankings from Alexa.

      Yahoo shares opened up almost 4pc on Wednesday in the wake of the reports. Yahoo did not comment.


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      wizard200's Avatar
      wizard200 is offline Sky User Member
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      Re: Yahoo considers shock move to sell off internet business

      Hello All
      I live in hope that yahoo sink without trace as this must be One of the worse decisions
      that Sky have made to date : Without doubt yahoo must be one of the worse email
      providers ever & why Sky chose to move to them could only be due to Money !!
      the changeover was a complete & utter shambles !!
      The move was explained that yahoo was more geared across all platforms a Joke surely.
      Maybe sky will revert to google but knowing the present drive from Mr Darroch for less
      at a higher price I somehow doubt it.

      Just a Thought.............A dream Really.........




    4. #3
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      Re: Yahoo considers shock move to sell off internet business

      Quote Originally Posted by wizard200 View Post
      Hello All
      I live in hope that yahoo sink without trace as this must be One of the worse decisions
      that Sky have made to date : Without doubt yahoo must be one of the worse email
      providers ever & why Sky chose to move to them could only be due to Money !!
      the changeover was a complete & utter shambles !!
      The move was explained that yahoo was more geared across all platforms a Joke surely.
      Maybe sky will revert to google but knowing the present drive from Mr Darroch for less
      at a higher price I somehow doubt it.

      Just a Thought.............A dream Really.........


      I clearly recall sky's switch from google to yahoo mail.
      An absolute disaster which seriously hurt a lot of people.

      Nice reference to yahoo about half way throuh this:


     

     

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