The Traderszone Network

Published in TZ Latest News 1 December, 2015 by The TZ Newswire Staff

Yahoo board to weigh potential sale of Internet business: WSJ

People familiar with the matter told the newspaper that the board was expected to discuss whether to proceed with a plan to spin off more than $30 billion in shares of Alibaba Holding Group Ltd (BABA.N) or find a buyer for its core business of web properties or both. In November, activist investor Starboard Value LP asked Yahoo to drop plans to spin off its stake in Alibaba due to tax concerns, and instead urged the company to sell its core search and display advertising businesses.

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