Here’s the latest chapter in the Yahoo saga: now the company wants to sell its stakes in Alibaba and Yahoo Japan, and pay a big dividend to investors with the proceeds.
It is leaning away from selling the entire company, Bloomberg reports. Although that could still happen, especialy after a sale of the Asian assets.
On its last earnings call, Yahoo said the value of its 35% stake in Yahoo Japan was $6.4 billion, and the value of its Alibaba stake was about $10 billion.
Alibaba’s Jack Ma has also repeatedly said he wants to buy the whole thing if Yahoo will sell.
Business Insider Emails & Alerts
Site highlights each day to your inbox.