Yahoo's board will meet to discuss whether it should sell its core business instead of its Alibaba stake, according to a report in The Wall Street Journal. Yahoo board members will hold a marathon series of meetings from Wednesday through Friday to hash out whether it would be best to go ahead with a plan to spinoff its multibillion-dollar stake in Alibaba or shift gears and sell its core business, the Journal said, citing unnamed people close to the matter. Yahoo told AFP it would not comment on the Journal's report.
SAN FRANCISCO/BENGALURU (Reuters) - The board of Yahoo Inc is weighing a sale of its core Internet business when it meets this week, a source familiar with the matter told Reuters. The board's meeting comes amid a broader debate about the future of the company and that of high-profile Chief Executive Marissa Mayer. The Wall Street Journal first reported the possible sale of the Internet business late on Tuesday.