Deals
Yahoo Seeks Buyer for Santa Clara Property in ‘Active’ Market
- Development site bought for $106 million in 2006 for expansion
- Sale could be seen as first step to raise needed cash
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Yahoo! Inc. is considering selling a development site in Santa Clara, California, punctuating a difficult year for the once-dominant Internet brand.
“With the active real estate market in Silicon Valley and considerable interest having been expressed in the property, we are exploring all of our options including a possible sale,” Yahoo spokeswoman Carolyn Clark said in an e-mail.