Tech company ditches diagram to offload stake in Chinese e-commerce giant and will consider spinning off mail,news and ad services into a current business
Yahoo is scrapping its original diagram to spin off its multibillion-dollar stake in China’s Alibaba and will instead explore breaking off the rest of its business into a current company.
The U-turn announced on Wednesday comes after Yahoo’s board met last week to review the proposed Alibaba spin-off, as well as chief executive Marissa Mayer’s stalled attempts to turn around the company.
Continue reading...
Source: theguardian.com