Looks like Yahoo is going to let go of most of its Asian assets — a large part of its stake in the Alibaba Group of China and its Yahoo Japan affiliate — and load up on cash. The move may allow the company to retain control of its core assets and perhaps even buy itself a new look. Yahoo’s board reportedly is considering a plan to sell these assets back to their majority owners in a complex transaction that values the prospective deal at about $17 billion. If the directors approve the sale, they may also reject two other offers that would require Yahoo’s current management to give up control.
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Yahoo Starts Unburdening Itself
Posted by: Rob Spiegel December 22, 2011 11:54 AMLooks like Yahoo is going to let go of most of its Asian assets — a large part of its stake in the Alibaba Group of China and its Yahoo Japan affiliate — and load up on cash. The move may allow the company to retain control of its core assets and perhaps even buy itself a new look. Yahoo’s board reportedly is considering a plan to sell these assets back to their majority owners in a complex transaction that values the prospective deal at about $17 billion. If the directors approve the sale, they may also reject two other offers that would require Yahoo’s current management to give up control.