Yahoo has not stopped talks about selling off its Yahoo Japan stake, despite the earthquake, says David Faber of CNBC.
Yahoo’s stock has taken a beating this week, as investors assumed it would either have to stop talks or it would get a lower price for its stake.
Yahoo owns 35% of Yahoo Japan, which is worth around $7.5 billion.
However, it can’t just dump the stake because it would take a big tax hit. So it’s exploring a variety of options to get value from divesting itself.
Yahoo’s stock is up 2.5% as of this writing.