WHAT’S NEXT? Yahoo is preparing to discuss the future of its core Internet business and its stake in Alibaba, the Chinese e-commerce giant.
“Yahoo’s management has faltered in its efforts to turn around its core business and it faces investor pressure to take more dramatic moves, though the people familiar with the plans say no transaction is assured,” the Wall Street Journal reports.
“If Yahoo decides to sell its core Internet business, it could put into motion a deal for the Alibaba stake as well as its 35% stake in Yahoo Japan. One possible scenario could see a U.S. media company or private-equity firm team up with a buyer interested in the Alibaba stake, potentially Alibaba itself.”