Media: Yahoo to sell its Internet business

Media: Yahoo to sell its Internet business


A large portion of the market capitalization of Yahoo 31 billion dollars tied to two major Asian assets-Alibaba and Yahoo Japan 35% stake in the latter is estimated at $ 8.5 billion.

MOSCOW, 2 Dec. The Board of Directors of the American Internet company Yahoo! Inc. this week may discuss the sale of the Internet business, according to the newspaper The Wall Street Journal, citing familiar with the situation sources.

The Internet business of the company includes a mail service of Yahoo Mail and the news aggregator Yahoo News, Yahoo search engine and other services.

The Board of Directors meeting will be held in the framework of the broad discussion about the future of the company. The manual in particular to discuss whether to look for a buyer of the business or to sell its 15% stake in China’s Alibaba, the value of the stock of which is estimated at more than $ 30 billion. In addition, there is the probability of the two options at the same time, the newspaper said.

A large portion of the market capitalization of Yahoo 31 billion dollars tied to two major Asian assets-Alibaba and Yahoo Japan 35% stake in the latter is estimated at $ 8.5 billion.

The sources said that among buyers of Internet business can be a private investment company.

American company Yahoo! was founded in 1994. The search engine company is one of the most popular in the world. Net profit Yahoo! for the first nine months 2015 $ 81,12 million dollars, having decreased repeatedly in comparison with the previous year.