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Yahoo Reconsiders Alibaba Stake Sale; Shares Rise

  • CEO Mayer facing presure from investor Starboard Value
  • Alibaba, Yahoo Japan, SoftBank decline comment on interest
Bloomberg business news

Yahoo: A New Hope in Selling the Company?

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Yahoo! Inc. jumped the most in almost seven months as the board meets and members consider a range of options including whether to sell a stake in Alibaba Group Holding Ltd.

In a series of meetings this week, one option the board is discussing is whether to stick to the company’s plan to spin off its stake in Alibaba, a person familiar with the situation said. The board is also weighing whether it will seek a buyer for Yahoo’s Web businesses, said another person familiar with the matter who asked not to be identified because the talks are private. Representatives for Sunnyvale, California-based Yahoo declined to comment.