Yahoo assets sale
NEW YORK: Increased shareholder pressure on Yahoo Inc to sell its core internet business could also lead to sales of its stakes in Chinese e-commerce company Alibaba and Yahoo Japan Corp, as per latest edition of Barron’s. The sale of its core business, and its stakes in Alibaba and Yahoo Japan, could see Yahoo’s stock price jump to $40 a share, an almost 35 per cent gain from Friday’s close of $29.14. Yahoo’s shares look appealing as the firm’s estimated asset value is nearly $48 a share, Barron’s said. Activist investor Starboard Value LP last week ramped up pressure on Yahoo, taking aim at CEO Marissa Mayer and her leadership team.