Yahoo considers sale of Internet business, but it isn’t worth much

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Web pioneer Yahoo may sell its core business, as the company's latest turnaround efforts continue to stall, The Wall Street Journal reported last night.

Sources familiar with the plans say the board is meeting today through Friday "to consider selling off the company's flagging Internet businesses and how to make the most of its valuable stake in Chinese e-commerce powerhouse Alibaba Group Holding Ltd.," the Journal wrote. "Directors are likely to discuss whether to proceed with a plan to spin off its investment in Alibaba, currently worth more than $30 billion, find a buyer for Yahoo's gaggle of Web properties, or both."

A Yahoo spokesperson declined to comment on the report when contacted by Ars this morning.

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