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

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