Deals
Yahoo to Reconsider Sale of Web Business Instead of Spinoff
- A decision to sell would contradict Yahoo's intent to spin
- Verizon has publicly stated interest in acquiring Yahoo
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Yahoo! Inc. is considering an outright sale of its business, marking what could hasten a significant shift in the company’s thinking as it faces pressure from activist shareholders.
Just last month, Yahoo executives put forward a plan to spin off its main Internet business, the latest of several strategies they’ve proposed over the past year to deal with slowing revenue. Now, that idea may be abandoned in favor of a sale, people familiar with the matter said. The company may need a new plan in the face of an expected proxy fight by an activist investor, said the people, who asked not to identified because a final decision hasn’t been made.