Yahoo to consider sale of core Internet business and future of Marissa Mayer, says source
- 8 years ago
The board of Yahoo Inc is weighing a sale of its core Internet business when it meets this week, a source familiar with the matter told Reuters.
The board's meeting comes amid a broader debate about the future of the company and that of high-profile Chief Executive Marissa Mayer.
The Wall Street Journal first reported the possible sale of the Internet business late on Tuesday.
People familiar with the matter told the newspaper the board was expected to also discuss during meetings from Wednesday through Friday whether to proceed with a plan to spin off more than $30 billion in shares of Alibaba Holding Group Ltd.
The company could also pursue both options, the paper said.
The board's meeting comes amid a broader debate about the future of the company and that of high-profile Chief Executive Marissa Mayer.
The Wall Street Journal first reported the possible sale of the Internet business late on Tuesday.
People familiar with the matter told the newspaper the board was expected to also discuss during meetings from Wednesday through Friday whether to proceed with a plan to spin off more than $30 billion in shares of Alibaba Holding Group Ltd.
The company could also pursue both options, the paper said.