Showing posts with label Alibaba. Show all posts
Showing posts with label Alibaba. Show all posts

Friday, February 19, 2016

US Engine Yahoo looks at "Strategic ALternatives" to separate its Alibaba stake

The US search engine Yahoo has confirmed it is looking at "strategic alternatives" for its business - including splitting off its stake in Chinese online retailer Alibaba.
Yahoo said it is setting up a committee to look into how the business can be reorganised to reverse its current financial woes.
 
The firm's share price has fallen by more than 40% since the end of 2014.
Boss Marissa Mayer has been under pressure to revitalise the business.
Earlier this month Yahoo confirmed it was cutting 15% of its workforce after reporting a $4.3bn (33bn) loss for the year.

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