Yahoo plans to sell core business

American multi-national tech company Yahoo has informed that its core business could be up for sale as it seeks strategic alternatives with its main internet business continuing to flounder.

The tech company says it is now exploring “strategic alternatives,” which could imply a number of things — including selling off its core business to another company, as was previously reported in the media.

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“The Board also believes that exploring additional strategic alternatives, in parallel to the execution of the management plan, is in the best interest of our shareholders,” the company said in a statement that it released with the earnings report.

“Separating our Alibaba stake from our operating business continues to be a primary focus, and our most direct path to value maximisation. In addition to continuing work on the reverse spin, which we’ve discussed previously, we will engage on qualified strategic proposals.”

The statement reveals that all is not well with Yahoo with the company’s full-year earnings released days ago showing flat growth coupled with a series of products that still haven’t reached mainstream stardom.

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