Yahoo has posted a 19 % drop in second - quarter revenue and a loss of $ 300 m , up from $ 22 m in 2015 . The company also wrote down the value of blogging site Tumblr , which it bought for $ 1.1bn in 2013 , by $ 400 ##m . Yahoo began soliciting offers for the business six months ago and will fetch between $ 2bn and $ 4bn , according to analysts . The company 's stake in Yahoo Japan and Chinese internet giant Alibaba both proved lucrative .
Yahoo has posted a 19% drop in second-quarter revenue and a loss of $440m, up from $22m in 2015. The company also wrote down the value of blogging site Tumblr, which it bought for $1.1bn in 2013, by $482m. Yahoo began soliciting offers for the business five months ago and will fetch between $2bn and $4bn, according to analysts. The company's stake in Yahoo Japan and Chinese internet giant Alibaba both remain lucrative.