Yahoo is said to be considering plans to sell its search and advertising divisions, which have been struggling in the shadow of rivals including Google and Facebook. The board will meet this week to discuss the company’s future and decide whether selling the group’s internet business is better than an earlier plan to spin off its $33bn stake in Alibaba. Several private equity firms and at least one media company, are said to be considering buying Yahoo’s core business. In a letter sent on Monday to Yahoo, Microsoft chairman Bill Gates said: “While we believe that Yahoo! has made significant progress over recent years, it remains unclear how much longer they can sustain their current
Yahoo is said to be considering plans to sell its search and advertising divisions, which have been struggling in the shadow of rivals including Google and Facebook. The board will meet this week to discuss the company’s future and decide whether selling the group’s internet business is better than an earlier plan to spin off its $33bn stake in Alibaba. Several private equity firms and at least one media company, are said to be considering buying Yahoo’s core business. Telecoms companies, could also be interested, following the model undertaken by Verizon when it purchased AOL.