After a very unsuccessful turnaround campaign by Marissa Mayer, YHOO is seemingly admitting defeat and looking for a buyer of their internet business. What other businesses do they have you ask? Why Alibaba, the only reason people still talk about this company.
My question is who would want to buy this perpetual money-losing enterprise? My guess is no one. Perhaps, if no buyers emerge they will try and spin off the internet business and become a proxy for BABA.
Via WSJ
If you enjoy the content at iBankCoin, please follow us on TwitterYahoo Inc.’s board is planning a series of meetings this week to consider selling off the company’s flagging Internet businesses and how to make the most of its valuable stake in Chinese e-commerce powerhouse Alibaba Holding Group Ltd.
The board is expected to discuss its options in sessions beginning Wednesday and continuing through Friday.
Good god, get me out of the peanut gallery, at once !!
The problem with just about ALL internet companies is that they are destined to become like the phone company…but without the monopoly…or the monthly bill.
I’ll start the bidding; offering 200 yuan.