And then… Yahoo for sale?

Yahoo

Several private equity firms are considering buying Yahoo’s core business, as the internet company’s board looks for alternatives to an earlier plan to spin off its stake in Alibaba. Yahoo’s board met yesterday to consider whether selling the group’s internet business would be better than spinning off the $33 billion holding in the Chinese ecommerce group. Several directors are concerned the Alibaba plan could incur a hefty tax bill because US revenue authorities have raised serious concerns about similar deals… Private equity firms seem to be the most likely buyers because Yahoo still generates cash, and cost savings could be made. Other potential acquirers include telecoms companies, in the model of Verizon’s deal to buy AOL, and media companies interested in Yahoo’s digital footprint.

 

James Fontanella-Khan, Stephen Foley and Hannah Kuchler

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