Tag: media
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Yahoo exploring sale of $1 billion-$3 billion in ‘non-core assets’: CFO
By Deborah M. Todd SAN FRANCISCO (Reuters) – Yahoo Inc is exploring the sale of $1 billion to $3 billion of patents, property and other “non-core assets,” its chief financial officer said on Thursday. Yahoo CFO Ken Goldman told the Morgan Stanley Technology, Media and Telecom Conference that a committee created to explore alternatives to…
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Yahoo shares rise as board meets and considers sale of Web business
Plans by Yahoo Inc's board to consider selling its struggling Internet business sent the company's shares up nearly 6 percent on Wednesday, as investors cheered a potential new way to separate Yahoo's traditional services from its valuable investment in Chinese Web merchant Alibaba. Yahoo's board is weighing the sale of the Internet business at a…