Yahoo refuses shares in Asian companies

Yahoo has again decided to resort to cuts, this time - not among the staff, but among its foreign assets. The management of the corporation has decided to sell its assets in Asian companies, including the Alibaba Group and even Yahoo Japan. The latter company, despite the name, is almost completely autonomous, and has been working independently for a long time. Currently, Yahoo owns 50% of the Alibaba Group and 35% in Yahoo Japan.

The sale of foreign assets is intended to replenish the budget of the company, which continues to experience both financial and administrative difficulties. According to experts, if you sell all these assets, then Yahoo can get an additional from 17 to 18 billion dollars, which is enough to start working on any new projects and ideas.
')
In addition, the sale of Asian assets will allow both the management and staff of the company to work exclusively with American and European assets, thus avoiding all sorts of administrative difficulties. Both developers and management will be able to work on a limited number of projects without splashing on everything else. It is possible that this will help the company to stand up.

Today, the final decision on the sale of assets in Asian companies will be made by the board of directors of the corporation. Interestingly, amid all these rumors, Yahoo shares have already risen by 6% in just one day, and continue to grow. And yes, Yahoo still has about 113 million monthly visitors, making the company's services one of the most popular and visited in the world.

Via nyt