“The board remains committed to accomplishing the significant business purposes and shareholder benefits that can be realized by separating the Alibaba stake from the rest of Yahoo,” Maynard Webb, the chairman of Yahoo’s board, said in the statement. “To achieve this, we will now focus our efforts on the reverse spinoff plan.”
Wednesday, December 09, 2015
Yahoo May be Heading into Death Spiral
With word that Yahoo is spinning off key parts of the company, it appears that it may be entering its last stages of viable life. Despite a recent renaissance, the company is again struggling under CEO Marissa Meyer. The New York Times is reporting that the company will not sell its stake in the Chinese web giant Alibaba.