Yahoo's board will consider a potential sale of the company?s main Internet businesses, both the Wall Street Journal and Reuters reported, citing people familiar with the matter. The board will discuss whether to stick to its plan to spin off the company?s stake in Alibaba Group Holding Ltd., to find a buyer for Yahoo?s Web businesses, or both, the WSJ reported Tuesday.
Yahoo's core business, which includes popular services like Yahoo Mail and its news and sports sites, could attract private equity firms, media and telecom companies or firms like Softbank Group Corp analysts have said in the past.
Yahoo declined to comment on the report.
Hopes of a comeback crumbled as Yahoo's plan to push mobile, video, native and social media ads failed to increase revenues as desktop search ads continued to decline.
Chief Executive Officer Marissa Mayer had planned to complete the spinoff of its Alibaba stake - now worth more than $30 - by January and promised to update investors on her strategy for the rest of the ailing Web portal. She is also is facing pressure from activist investor Starboard Value, which last month threatened a proxy fight if she doesn?t make drastic changes to her plans, including selling the main search and display advertising businesses.
Yahoo's revenue is forecast to drop 8 percent in 2015.