Thursday, December 22, 2011

Yahoo Weighs Cash-out Exits of some of its key Asian Assets

Yahoo Inc is discussing a plan to slash its stakes in China's Alibaba Group and a Japanese affiliate in a complex deal worth roughly $17 billion, sources familiar with the matter said.
The deal - the latest proposals put forth in recent months to resuscitate the once high-flying Internet company - is expected to be considered by Yahoo's board on Thursday, one of the sources said.
The board was uninterested in entertaining offers for the entire company at this point, the source, who spoke on condition of anonymity, added.


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