Yahoo ready to cash in on Asian shareholdings

Friday 23 December 2011 03:00 GMT

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

The internet giant Yahoo is in line for a huge windfall as it looked to sell most of its major Asian assets, said to be worth close to $17bn (£11bn).

It is thought Yahoo could net upwards of $10bn bycutting its stake in Chinese internet company Alibaba from 40 per cent to 15 per cent and selling all of its stake in Yahoo Japan to co-owner Softbank Corp. Alibaba’s founder, Jack Ma, has said several times he would be interested in buying out Yahoo.

Yahoo has struggled to keep up with Google and hascomeunder pressure from shareholders, including activist hedge fund manager Third Point, to deliver better value. The Asian deal is worth the equivalent of $14 per Yahoo share.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Yahoo ready to cash in on Asian shareholdings

Join our commenting forum

Thank you for registering