Yahoo studies part-exit from its Asian assets
Yahoo is considering the sale of a substantial chunk of its 40% interest in Chinese e-commerce company Alibaba Group as well as exiting its 35% holding in Yahoo Japan. The value of the transaction would reportedly be $17-18 billion, allowing the US internet firm to return some cash to shareholders and then focus on turning around its core internet advertising business.
According to sources who briefed The Wall Street Journal, the proposed transaction is expected to be reviewed by Yahoo's board committee on Thursday. News of a potential deal saw the company's shares close...
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