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.

The job

Yahoo to cut its workforce by 15% as company pursues "aggressive strategic plan"

Yahoo to cut 15% of its workforce as the company pursues an "aggressive strategic plan" to return to profitability.

 

The job cuts will reduce the number of its employees to about 9,000 by the end of 2016.

 

The announcement came as Yahoo reported a $4.3bn (£3bn) loss for the year.

In a statement, chief executive Marissa Mayer said: "This is a strong plan calling for bold shifts in products and in resources."