Chaff from the chaff: why Yahoo! changed my mind to sell my business
Last week, December 2-4, the board of directors of Yahoo! discussed the possibility of selling a 15 percent stake in the Alibaba Group , which is estimated at over $ 30 billion.
In addition, the experts did not rule out that the company could sell its online division. Amid this news quotes Yahoo! increased by 7% in electronic trading after the close of the exchanges.
However, it has now become known that after all the American Internet company will do everything possible not to sell the business. The board of directors decided to restructure the business, cut jobs, continue the spin-off of Aabaco Holdings and subsequently sell its stake in Yahoo! Japan .
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And only after that the company’s management can return to the discussion of the sale of the core business, USA Today reports , citing informed sources.
“Any sale - if it does take place - will take a very long time, given the large number of bidders. Such an option is not excluded, however, at present, the process of preparing for sale is not underway, ”commented one of the sources of the publication.
Yahoo! Internet business includes such popular services as search engine, Yahoo Mail , Yahoo News aggregator and sports sites. In the US, Yahoo’s resources are the third highest in attendance. In October, according to comScore, the total audience of these sites was 210 million. In this respect, Yahoo is second only to Google and Facebook . Yahoo’s core business may be of interest to private equity firms or IT companies.
However, Verizon Communications Inc. , one of the largest US telecommunications operators, has already begun to look closely to the Yahoo! business, reports Reuters.
Verizon Chief Financial Officer Fran Shammo said that “it’s too early to talk about it at the moment.” He believes that Yahoo’s board of directors and investors have not fully understood what to do with their assets.
In May, Megamind wrote that the AOL media holding was sold to Verizon for $ 4.4 billion. She bought AOL shares for $ 50 apiece. This was 23% higher than the AOL weighted average share price over the previous three months. The Verizon property also included TechSrunch , Engadget and The Huffington Post .
The situation with conflicting versions of what is happening around Yahoo! commented on Kara Swisher, editor of Re / code.
She said that the company's general director Marissa Mayer (investors could not wait for her to leave) still has the full support of the board of directors. According to Swisher, this is not surprising, since the majority of the council members got there precisely thanks to Mayer. Moreover, the meeting of the Board of Directors is a regular scheduled meeting, which was scheduled for December, Swisher notes.
In addition, the experts did not rule out that the company could sell its online division. Amid this news quotes Yahoo! increased by 7% in electronic trading after the close of the exchanges.
However, it has now become known that after all the American Internet company will do everything possible not to sell the business. The board of directors decided to restructure the business, cut jobs, continue the spin-off of Aabaco Holdings and subsequently sell its stake in Yahoo! Japan .
')
And only after that the company’s management can return to the discussion of the sale of the core business, USA Today reports , citing informed sources.
“Any sale - if it does take place - will take a very long time, given the large number of bidders. Such an option is not excluded, however, at present, the process of preparing for sale is not underway, ”commented one of the sources of the publication.
Yahoo! Internet business includes such popular services as search engine, Yahoo Mail , Yahoo News aggregator and sports sites. In the US, Yahoo’s resources are the third highest in attendance. In October, according to comScore, the total audience of these sites was 210 million. In this respect, Yahoo is second only to Google and Facebook . Yahoo’s core business may be of interest to private equity firms or IT companies.
However, Verizon Communications Inc. , one of the largest US telecommunications operators, has already begun to look closely to the Yahoo! business, reports Reuters.
Verizon Chief Financial Officer Fran Shammo said that “it’s too early to talk about it at the moment.” He believes that Yahoo’s board of directors and investors have not fully understood what to do with their assets.
In May, Megamind wrote that the AOL media holding was sold to Verizon for $ 4.4 billion. She bought AOL shares for $ 50 apiece. This was 23% higher than the AOL weighted average share price over the previous three months. The Verizon property also included TechSrunch , Engadget and The Huffington Post .
The situation with conflicting versions of what is happening around Yahoo! commented on Kara Swisher, editor of Re / code.
She said that the company's general director Marissa Mayer (investors could not wait for her to leave) still has the full support of the board of directors. According to Swisher, this is not surprising, since the majority of the council members got there precisely thanks to Mayer. Moreover, the meeting of the Board of Directors is a regular scheduled meeting, which was scheduled for December, Swisher notes.
Source: https://habr.com/ru/post/297114/
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