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Friday 22 January 2016

Yahoo to decide next strategic steps after quarterly earnings: sources

Yahoo Inc (YHOO.O) will decide on its next strategic steps only after releasing quarterly earnings on Feb. 2, people familiar with the matter said, as the company continues to resist investor calls to explore a sale of its core Internet assets.
 
Yahoo wants to gauge shareholder reaction after presenting its strategic vision during the earnings conference call, one of the people said.
 
Yahoo this month rebuffed several potential buyers for its core Internet assets, including private equity firms, the three sources said this week. They declined to be identified because the deliberations are confidential.
 
Yahoo declined to comment.
 
Yahoo said last month it would pursue a tax-free spinoff of the core Internet business, which could take at least a year.
 
But investors are pressing for an outright sale, fearing that the business, which includes selling search and display ads on its news and sports sites and email service, could lose more value in the face of competition from Alphabet Inc's (GOOGL.O) Google and Facebook Inc (FB.O).
http://mobile.reuters.com/article/newsOne/idUSKCN0UZ31C



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