CNBC is reporting that “Yahoo will not move forward with a spinoff of its stake in [e-commerce giant] Alibaba, and instead examine a deal involving its core business, sources told CNBC on Tuesday.”
The story adds, “Yahoo currently has a market capitalization of more than $30 billion. However, some company observers have placed the value of its core business at less than nothing, discounting its Alibaba stake and other equity interests.”
The Washington Post reports the move means that “Yahoo could part ways with search and email properties that, taken as a whole, attracted 210 million visitors last month, comparable with tech stalwarts Facebook and Google.”
The Post adds, “Industry analysts have speculated for days that Yahoo could sell to a host of media giants, cable firms or telecom providers. Among these, the most vocal has been Verizon, which earlier this year snapped up another once legendary tech name in AOL for $4.4 billion.
“Other analysts think Yahoo’s U.S. audience could be attractive to a Chinese buyer, such as tech companies Tencent and Baidu. Or Yahoo’s parts could be divvied up among different parties.”
Here’s the video report of this story from CNBC: