C-level executives of Yahoo plan to sell the business

C-level executives of Yahoo plan to sell the business

02.12.2015 News

уководство Yahoo хочет продать бизнесThis week the board of directors of one of the world’s largest US Company Yahoo will hold a series of meetings that will be devoted to the sale of the business, – The Wall Street Journal writes at December 2, 2015.

According to the management, the company is weakening and it is very difficult  to stay up in business now. Also, the leaders of company will raise the issue about selling of its  share in Chinese company Alibaba, which is estimated at 30 billion dollars. The meeting in this regard will take place in the form of session and the procedure will last from Wednesday to Friday. In this format the leaders plan to decide the future of the largest  company. They will decide if they want to sell only Yahoo, or its limited shares in Alibaba too.

Among the potential buyers are private investment funds. Management has decided to come to this decision, because it failed to cope with the hard times that came into the company, – says Yahoo’s CEO Marissa Mayer. Therefore, to save the company they began to look for the other decisions and  opted now for selling.

Yahoo takes the third place in most visited search resources for now. In October, 2015 Yahoo attendance was 210 million people, being inferior only to Google Inc. and Facebook Inc. The American company was founded in 1994. In 2015, according to the results of 9 months,  its income is equal to 81.12 million dollars, and it is multi-fold lower than last year.

It should be noted that the sale of shares in the company may face with legal challenges. The point is that as a result the payment of taxes, the amount of which is estimated at billions of dollars may be required from Yahoo.

Source: www.wsj.com

Other articles

  • DiDi taxi service is planning the IPO on the Hong Kong Stock Exchange in 2021
    News

    DiDi taxi service is planning the IPO on the Hong Kong Stock Exchange in 2021

    The taxi service of the international Chinese company DiDi Chuxing intends to conduct the initial public offering (IPO) on the Hong Kong Stock Exchange. As reported by Reuters on Tuesday, citing sources, this may happen in the first half of 2021. By the time of the IPO, the estimated value of DiDi will be more […]

  • IBM’s revenue exceeded forecasts due to the growth of the “cloud” business
    News

    IBM’s revenue exceeded forecasts due to the growth of the “cloud” business

    US International Business Machines Corp. (IBM) slightly increased its net profit in the third quarter of 2020, despite on the declining revenue in the context of the coronavirus pandemic, forcing businesses to delay implementation of projects to preserve capital. According to the press release of the company, Net income in July-September was $ 1.7 billion, […]

  • Intel will sell for $ 9 billion divisions to produce memory chips
    News

    Intel will sell for $ 9 billion divisions to produce memory chips

    Intel Corp. sells to South Korean the SK Hynix Inc. unit in the field of manufacture NAND memory chips and the storage devices for $ 9 billion. The agreement includes manufacturing operations for NAND chips SSD-drives, NAND components and semiconductor wafers, said in the press release from Intel. SK Hynix will also receive the plant […]

  • China’s economy grew by 4.9% in the third quarter
    News

    China’s economy grew by 4.9% in the third quarter

    According to the National Bureau of Statistics of China, the country’s GDP grew by 4.9% year on year in the third quarter. China’s economy is recovering the fastest in the world from the COVID-19 pandemic – GDP decline by closing factories and quarantine in the first quarter of the year already fully compensated, and the […]

  • Alibaba invests in the largest hypermarket operator in China
    News

    Alibaba invests in the largest hypermarket operator in China

    The largest Chinese Internet company Alibaba Group Holding Ltd. will acquire from Auchan Retail International shares of the largest Chinese hypermarket operator Sun Art Retail Group for $ 3.6 billion, according to the press release from Alibaba. “Alibaba is investing $ 28 billion ($ 3.6 billion) to acquire … 70.94% of Auchan Retail’s stake in […]

  • LVMH`s revenue for the nine months fell by 21%
    News

    LVMH`s revenue for the nine months fell by 21%

    Revenue of French LVMH Moet Hennessy – Louis Vuitton for the first three quarters of this year fell by 21% year on year and amounted to 30.348 billion euros, according to the company’s report. The strongest decline in revenue in this period was recorded in the section “selective retail trade” and “watches and jewelry” – […]

  • NASA has signed the contract with Nokia to launch 4G on the moon
    News

    NASA has signed the contract with Nokia to launch 4G on the moon

    NASA has provided to Nokia with $ 14.1 million to deploy 4G (LTE) network on the moon. The US space agency noted that telecommunications networks of this standard will be able to provide more reliable than radio signals, communication on the Earth’s satellite, where it is planned to build the lunar base by 2028. NASA […]

  • Ministry of Health: medication from COVID-19 are already being transported to Ukraine
    News

    Ministry of Health: medication from COVID-19 are already being transported to Ukraine

    Chief State Sanitary Doctor, Viktor Liashko, said that the drug “Remdesivir”, which was planned to treat patients from the coronavirus, have already been purchased, and the party is taken to Ukraine. He said the news in the interview with Radio Svoboda on Sunday, October 18. “And now it is being transported to the territory of […]

Read also

C-level executives of Yahoo plan to sell the business
News

DuPont will dismiss nearly 2,000 employees in a global merger with Dow Chemical

Recently, two major global corporations in the Chemistry industry DuPont and Dow Chemical signed a merger deal. After closing, the new company will be called DowDuPont, it will be headed by the current head of Dow Chemical – Andrew Liveris. A few days ago, DuPont told reporters about plans to hold a global reduction of […]

Next
C-level executives of Yahoo plan to sell the business
News

Airbus is announcing the hydrogen planes

Airbus has published detailed information of three conceptual of the passenger`s plane called ZEROe with hydrogen fuel, stating that it can be put into operation by 2035. The three aircraft differ in size and design, one will have a range of more than 2,000 nautical miles and the ability to carry from 120 to 200 […]

Next
C-level executives of Yahoo plan to sell the business
News

Visa and Vsi. Svoi have launched “Her business”, a contest to support Ukrainian women entrepreneurs

The professional jury will select three winners who will receive UAH 100,000 for the development of their own businesses. The first-place winner will present products in her own “corner” in one of the two Vsi. Svoi stores on Khreshchatyk. All three winners will present their products at the online platform vsisvoi.ua and will receive mentor sessions […]

Next
C-level executives of Yahoo plan to sell the business
News

SWEDEN-UKRAINE ICT CONNECTION 2019

BUSINESS TALKS, START-UP ALLEY AT #SUBF19 MAY 23 2019, KYIV TIME: 14:30-16:30 VENUE: PARKOVY CONGRESS AND EXHIBITION CENTER, KYIV, PARKOVA DOROGA 16A MODERATOR: BOHDAN SENCHUK, President of Swedish Business Association in Ukraine TOPICS FOR DISCUSSION: 1. ITC business partnership between Sweden and Ukraine; 2. Business climate in Ukraine: pros and cons to start, develop and […]

Next
C-level executives of Yahoo plan to sell the business
News

Australia is experiencing a record drop in GDP in 60 years

In the second quarter, the Australian economy fell by 7% to the first quarter amid a coronavirus pandemic. In the previous quarter, the decline was 0.3%. Thus, Australia has entered a recession for the first time in 30 years. The quarterly decline in GDP has been the highest since the beginning of observations in 1959. […]

Next
C-level executives of Yahoo plan to sell the business
News

The Austrian investors to construct the new plant in Ukraine

The leadership of the Ukrainian industrial complex of LLC “Zakhid Agroprodukt” has reported to the mass media about receipt of the perspective offer from the Austrian investors. Foreign entrepreneurs whose names haven’t disclosed yet took the initiative to invest about 2 million euros in the development of the entity in the territory of the Ternopil […]

Next
C-level executives of Yahoo plan to sell the business
News

Billionaires have increased their wealth to $ 10.2 trillion

At the end of July 2020, the dollar billionaires owned a record $ 10.2 trillion. This is evidenced by the results of a joint study by consulting and auditing company PwC and UBS Bank, published on Wednesday, October 7. The previous peak of $ 8.9 trillion was recorded in 2017. Now the number of billionaires […]

Next
C-level executives of Yahoo plan to sell the business
News

IPhone sales may fall by 30% due to the withdrawal of WeChat

The American corporation Apple is threatened with a drop in profits from smartphone sales by 25-30% if the company removes the WeChat application from the App Store worldwide. This statement was made by a well-known expert on the gadget market Ming-Chi Kuo. According to his forecasts, the WeChat application is used by users in China […]

Next
C-level executives of Yahoo plan to sell the business
News

USA Department of Justice filed a multimillion-dollar lawsuit against the Volkswagen Group

The world’s largest car manufacturing company Volkswagen, which has recently been involved in a major diesel scandal for understating  of emissions of harmful substances into the atmosphere, will now be sued in court on charges of violation of environmental legislation. Recently the USA Department of Justice filed a civil suit in federal court. The statement […]

Next
C-level executives of Yahoo plan to sell the business
News

Vinnytsia network of pharmacies reacquires 18 million of shares

The supervisory board of Vinnitsafarmation in the press release reported:” Vinnitsafarmation which owns ‘Bazhayemo zdorovya’ network of pharmacies , intends to reacquire 18 million of common shares PJSC ‘Vinnitsafarmatsyia’ intends to redeem 18 million of common nominal shares”. PJSC ‘Vinnitsafarmatsyi’a plans to make the relevant decision at extraordinary general shareholder meeting which will take place […]

Next
C-level executives of Yahoo plan to sell the business
News

Court rejects IAU litigation

As  Interfax-Ukraine reports, the Administrative court rejected the claim of the International Airline Company of Ukraine (IAU) for the charge of the collection in specialised state fund of   aviation activities expenses financing. On November 9, 2016, the court made the decision on materials of the state register of judgments which were published on its official […]

Next
C-level executives of Yahoo plan to sell the business
News

VW: scandal continues

In September 2015 it became known that diesel engines VW and Audi brands have been equipped with special incorrect installation that could not detect the level of emissions when they were being tested. So because of this program, the emission of harmful substances into the atmosphere while driving on such cars exceeded all established norms, […]

Next
C-level executives of Yahoo plan to sell the business
News

In the new year, one more bank will be liquidated in Ukraine

In 2017, stops its work another bank in Ukraine. This is the PJSC Bank Trust . The decision on liquidation of the financial institution was taken on December 29th at the meeting of the National Bank of Ukraine. Information about this was also posted on the official resource of Guarantee Fund deposits of natural persons. […]

Next
C-level executives of Yahoo plan to sell the business
News

KSG Agro enters the Georgian market

KSG Agro has received permission to export pork to Georgia. The first shipment is scheduled for June. “Pig-breeding business of KSG Agro has successfully passed the test of the National Food Agency of the Ministry of Agriculture of Georgia and received permission for the supply of pork to the country”, – said in a statement […]

Next
C-level executives of Yahoo plan to sell the business
News

1 + 1 buys a large TV provider Viasat

1 + 1 media Group buys Ukraine’s largest satellite TV operator – Viasat. The seller was a Swedish media holding Modern Times Group (MTG). According to the informed sources, the amount of the deal could reach  300 – 500 million UAH ($ 15-20 million). The press service of the 1 + 1 media is short-spoken. […]

Next
C-level executives of Yahoo plan to sell the business
News

Amazon has banned the import of seeds into the United States

Amazon has banned the import of seeds to the United States because the Americans received thousands of parcels from unknown shippers from China. In this regard, Amazon informed foreign partners of its decision and obliged sellers to remove publications with appropriate proposals. Now sell the seeds only can those who is in the United States, […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com