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Yahoo to Explore Asset Sale and Plans to Lay Off 15% of Workers

2016-02-03 1 Dailymotion

Yahoo is moving full speed ahead in every direction.<br />The Internet pioneer said on Tuesday that it was open to offers for its core assets, which would represent the end of Yahoo as an independent entity.<br />That is a shift from the company’s position as recently as December.<br />Yahoo is also proceeding with plans to spin out those core assets.<br />That would leave its most valuable property, its holdings in the Chinese e-commerce giant Alibaba, in the original company.<br />Investors like that idea.<br />But what Yahoo is really focusing on is revitalizing itself under the guidance of Marissa Mayer, who has been chief executive since the summer of 2012.<br />“What I am trying to do is reassure people,” Ms. Mayer said in an interview.<br />“You could classify it as a call for patience.<br />I am asking shareholders to understand this is a complicated situation.”

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