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Yahoo will not spin off Alibaba stake, weighs core business sale: CNBC
December 9, 2015 by admin · Leave a Comment
SAN FRANCISCO/BENGALURU (Reuters) – Yahoo Inc is weighing a sale of its core Internet business and will not sell its stake in Chinese e-commerce firm Alibaba Group Holding Ltd , CNBC reported, with an announcement coming as soon Wednesday. The moves represent a stark rejection of Chief Executive Officer Marissa Mayer's plan to sell the $30 billion Alibaba stake and to
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Yahoo will not spin off Alibaba stake, weighs core business sale: CNBC