Might be time to reconsider from where you get your email, hosting and domains!
The Wall Street Journal reports that Yahoo’s board plans to discuss selling off the company’s core business as well as its stake in Chinese internet giant Alibaba.
It’s about time: the company’s stock price has steadily fallen by more than 30 percent this year, owing to poor performance. Selling off its assets seems to be the only viable way to keep it from going under at this point.
To understand just how much trouble Yahoo is in, let’s look at some figures. The company’s 15 percent share of Alibaba is currently worth roughly $32 billion, while its stake in Yahoo Japan is worth about $8.5 billion.
Analysts estimate that Yahoo’s core business — which includes search, news, email and entertainment and business content — is worth about $3.9 billion.