No sale to Alibaba.....Yahoo still thinks they are tremendously undervalued. What say ye? Yahoo's (YHOO) board of directors announced on Wednesday a complete reversal of its prior plan to spin off its $30 billion stake in Alibaba (BABA). Instead, the shrinking online portal said it would consider spinning off its core businesses into a separately traded public company. Spinning off the core online media and search businesses, which have seen shrinking revenue and profits in recent years, would facilitate an acquisition, analysts said. Executives at Verizon Communications (VZ), which bought AOL in May, have spoken openly this week of buying Yahoo. Other interested buyers could include AT&T (T), IAC Interactive (IACI) or a private equity firm. "We think there would be many potential buyers for Yahoo's core, including: telcos, large media cos, and other Internet companies," Bob Peck, an analyst at SunTrust, wrote on Wednesday. The core business could be worth $6 billion to $8 billion by itself, Peck said. Neil Doshi, an analyst at Mizuho Securities, offered a more conservative acquisition estimate of $4 billion to $5 billion, writing that no turnaround is in sight for Yahoo's problems. "Yahoo! has the opposite problem of Twitter - Yahoo! has an enviable user base, but can't seem to monetize it," Doshi wrote in a research note on Wednesday. Still, Yahoo board chairman Maynard Webb said the board has not considered selling the company. "There is no determinationby the board to sell the company or any part of it," Webb said on a call with analysts on Wednesday morning. "We believe that we are tremendously undervalued.".....snip~ https://beta.finance.yahoo.com/news...t-spin-off-alibaba-stake-131733836.html?ltr=1
Yahoo revenues and profits fall... Yahoo revenues fall again as internet firm reviews bid options Tue, 19 Apr 2016 - Yahoo reports a fall in revenues and profits for the first three months of 2016, as the company reviews offers from potential bidders.
Alibaba under SEC investigation... SEC investigating Alibaba's accounting practices May 25, 2016 - Alibaba Group Holding Ltd <BABA.N> said it was being investigated by the U.S. Securities and Exchange Commission over whether the Chinese e-commerce company's accounting practices violated any federal laws.
Verizon buys Yahoo... Yahoo sold to US telecoms giant Verizon Mon, 25 Jul 2016 - US internet firm Yahoo will be sold to American telecoms giant Verizon Communications for $5bn (£3.8bn) in cash.
Fake merchandise... China's Alibaba back on US counterfeits blacklist Thu, 22 Dec 2016 - Chinese e-commerce giant Alibaba is back on the US's "notorious markets" list over selling counterfeit goods.
